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

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5771 and 0.5765 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 6 pips. Outlook: If the upper border 0.5771 is broken, the price is likely to continue its move by 0.5783.

The Triple Top pattern has formed on the chart of the NZDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8037/0.8039 with the upper limit 0.8044/0.8044; the projection of the width is 7 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 0.8037, the price is most likely to continue the downward movement.

According to the chart of M15, #PEP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 139.84 – 139.84 and upper border 140.96 – 140.96. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3411/1.3402 whereas the lower border goes across 1.3394/1.3402. The pattern width is measured on the chart at 17 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3402 is broken, the price could continue its move toward 1.3417.

The Double Bottom pattern has been formed on #PEP H1. 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 143.38 is broken. The further movements will rely on the width of the current pattern 343 points.