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

The Triple Bottom pattern has formed on the chart of AUDJPY M30. Features of the pattern: The lower line of the pattern has coordinates 94.65 with the upper limit 94.65/94.63, the projection of the width is 14 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 94.51, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of AUDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 94.65 with the upper limit 94.65/94.63, the projection of the width is 14 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 94.51, the price is most likely to continue the upward movement.

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 94.51 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 94.53; the resistance level 94.65; the width of the pattern 12 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 12 points.

According to the chart of M15, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 94.65 - 0.00 and support 94.51 – 94.51. In case the resistance level 94.51 - 94.51 is broken, the instrument is likely to follow the bearish trend.