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

The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.5955; the lower boundary is 0.5943. The width of the pattern is 11 points. In case of a break of the upper boundary 0.5955, 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 Top pattern has been formed on GBPUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3423 is broken, the downward movement will continue.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0619/2.0598 whereas the lower border goes across 2.0574/2.0598. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 2.0598 is broken, the price could continue its move toward 2.0613.

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8178; the lower boundary is 0.8171. The width of the pattern is 7 points. In case of a break of the upper boundary 0.8178, 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 Bullish Flag pattern has been formed on the chart NZDJPY M30 which signals that the upward trend will continue. Signals: а break of the peak at 87.87 may push the price higher, and the rise will be the projection of the pole.