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

According to the chart of H1, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9440 – 0.9440 and upper border 0.9496 – 0.9496. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -5, and pattern’s width 13. Forecast If the price breaks through the support level 0.8198, it is likely to move further down to 0.8197.

The Triple Top pattern has formed on the chart of the AUDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -13, and pattern’s width 22. Forecast If the price breaks through the support level 0.9465, it is likely to move further down to 0.9474.

The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6007 is broken, the downward movement will continue.

According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5360 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -30 pips.