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

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0447/2.0463 whereas the upper border goes across 2.0479/2.0463. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPAUD will breach the upper border to head for 2.0478.

The Triple Top pattern has formed on the chart of the AUDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6546/0.6547 with the upper limit 0.6551/0.6552; the projection of the width is 5 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 0.6546, the price is most likely to continue the downward movement.

According to the chart of M30, #PEP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 140.96 - 0.00 and support 139.84 – 139.84. In case the resistance level 139.84 - 139.84 is broken, the instrument is likely to follow the bearish trend.

The Triple Top pattern has formed on the chart of the GBPJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -5, and pattern’s width 21. Forecast If the price breaks through the support level 200.27, it is likely to move further down to 200.24.

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.