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

According to the chart of M30, GBPCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0626/1.0608 whereas the lower border goes across 1.0584/1.0608. The pattern width is measured on the chart at 42 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0608 is broken, the price could continue its move toward 1.0638.

On the chart of NZDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8083; the lower boundary 0.8034; the width of the pattern 49 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8012 level.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 70672.51; the resistance level 71103.00; the width of the pattern 43049 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 41789 points.

The Double Bottom pattern has been formed on NZDCAD D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.8087 is broken. The further movements will rely on the width of the current pattern 171 points.

The Triple Top pattern has formed on the chart of the USDJPY D1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 157.52/158.29 with the upper limit 159.91/160.04; the projection of the width is 239 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 157.52, the price is most likely to continue the downward movement.