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

According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8148/0.8197 whereas the upper border goes across 0.8233/0.8197. 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 NZDCAD will breach the upper border to head for 0.8237.

The Double Top pattern has been formed on #MCD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 314.36 is broken, the downward movement will continue.

According to the chart of M5, GBPAUD formed the Head and Shoulders pattern. The Head’s top is set at 1.9712 while the median line of the Neck is found at 1.9619/1.9629. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPAUD will go towards 1.9614.

The Triple Bottom pattern has formed on the chart of the #MSFT M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 432.63/432.61.

On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 439.25; the lower boundary 433.72; the width of the pattern 553 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 433.57 level.