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

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6055; the lower boundary 0.6039; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 0.6039 with a possible movements towards the 0.6024 level.

The Double Bottom pattern has been formed on NZDCAD M30. Characteristics: the support level 0.8164; the resistance level 0.8177; the width of the pattern 13 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 H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6084 and 0.6017 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 67 pips. Outlook: If the upper border 0.6084 is broken, the price is likely to continue its move by 0.6088.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6084/0.6048 whereas the lower border goes across 0.6018/0.6048. The pattern width is measured on the chart at 66 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6048 is broken, the price could continue its move toward 0.6078.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 92.90/93.01 whereas the upper border goes across 93.10/93.01. 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 NZDJPY will breach the upper border to head for 93.16.

The Triple Bottom pattern has been formed on NZDCAD M15. It has the following characteristics: resistance level 0.8181/0.8177; support level 0.8164/0.8165; the width is 17 points. In the event of a breakdown of the resistance level of 0.8181, the price is likely to continue an upward movement at least to 0.8189.

The Triple Top pattern has formed on the chart of the NZDJPY M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -4, and pattern’s width 41. Forecast If the price breaks through the support level 92.70, it is likely to move further down to 92.82.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9449 is likely to encourage a continuation of the downward trend.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 93.14 and 92.99 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 15 pips. Outlook: If the upper border 93.14 is broken, the price is likely to continue its move by 93.22.

According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 92.98 – 92.98 and upper border 93.14 – 93.14. In case the upper border is broken, the instrument is likely to follow the upward trend.