FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 93.30 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1499/1.1517 whereas the upper border goes across 1.1529/1.1517. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURUSD will breach the upper border to head for 1.1532.

According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3535 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of GBPJPY M5. Features of the pattern: The lower line of the pattern has coordinates 195.57 with the upper limit 195.57/195.51, the projection of the width is 24 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 195.33, the price is most likely to continue the upward movement.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart GBPUSD H1. Forecast: if the price breaks above the pattern high at 1.3592, then traders will be able to place a long deal with the target at 1.3632.