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The Double Bottom pattern has been formed on GBPUSD 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 1.3497 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Bottom pattern has been formed on GOLD M5. Characteristics: the support level 4960.71; the resistance level 4972.82; the width of the pattern 1211 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 1287 points.

The Double Bottom pattern has been formed on SILVER M5; the upper boundary is 76.98; the lower boundary is 76.46. The width of the pattern is 480 points. In case of a break of the upper boundary 76.98, 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.

According to the chart of M5, AUDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5445 while the median line of the Neck is found at 0.5427/0.5437. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDCHF will go towards 0.5460

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 109.15 and 108.69 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 46 pips. Outlook: If the upper border 109.15 is broken, the price is likely to continue its move by 109.09.