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

According to the chart of M30, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 89.72/89.43 whereas the lower border goes across 89.00/89.43. The pattern width is measured on the chart at 72 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 89.43 is broken, the price could continue its move toward 89.73.

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 102.37 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the GBPAUD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -1, and pattern’s width 9. Forecast If the price breaks through the support level 2.0154, it is likely to move further down to 2.0149.

The Double Bottom pattern has been formed on GBPUSD M30; the upper boundary is 1.3383; the lower boundary is 1.3319. The width of the pattern is 62 points. In case of a break of the upper boundary 1.3383, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on GBPAUD M30. Characteristics: the support level 2.0144; the resistance level 2.0220; the width of the pattern 76 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 78 points.