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

According to the chart of M5, NZDUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5999, the lower border is 0.5990. The signal means that a short position should be opened after fixing a price below the lower border 0.5990 of the Bearish Rectangle.

According to the chart of M5, NZDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8190, the lower border is 0.8181. The signal means that a short position should be opened after fixing a price below the lower border 0.8181 of the Bearish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M15. 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 0.4624 is broken. The further movements will rely on the width of the current pattern 6 points.

The Double Top reversal pattern has been formed on GOLD M5. Characteristics: the upper boundary 4939.52; the lower boundary 4929.42; the width of the pattern is 990 points. Sell trades are better to be opened below the lower boundary 4929.42 with a possible movements towards the 4929.27 level.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9148 is broken, the downward movement will continue.