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

The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 1.9197; the lower boundary 1.9186; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 1.9186 with a possible movements towards the 1.9171 level.

The Triple Bottom pattern has formed on the chart of AUDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.9651 with the upper limit 0.9651/0.9647, the projection of the width is 9 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 0.9642, the price is most likely to continue the upward movement.

According to the chart of M5, GBPJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 208.80 and support 208.46. In case the resistance level 208.80 - 208.80 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on SILVER M5. Characteristics: the support level 75.33; the resistance level 75.85; the width of the pattern 525 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 540 points.

The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8188; the resistance level 0.8194; the width of the pattern 6 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 6 points.

The Triple Top pattern has formed on the chart of the SILVER M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 75.22/75.50 with the upper limit 76.08/76.24; the projection of the width is 850 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 75.22, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on SILVER M15. Characteristics: the upper boundary 76.08; the lower boundary 75.22; the width of the pattern is 800 points. Sell trades are better to be opened below the lower boundary 75.22 with a possible movements towards the 75.20 level.

The Bullish Flag pattern has been formed on the chart AUDCAD M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9662 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument AUDCAD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9662, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M30, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 108.67 and 108.27 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 40 pips. Outlook: If the upper border 108.67 is broken, the price is likely to continue its move by 108.79.