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

The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6907/0.6908 with the upper limit 0.6933/0.6928; the projection of the width is 26 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 0.6907, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on NZDUSD M30. Characteristics: the upper boundary 0.5970; the lower boundary 0.5947; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 0.5947 with a possible movements towards the 0.5917 level.

The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5947 is broken, the downward movement will continue.

According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.9719/1.9739 whereas the upper border goes across 1.9768/1.9739. 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 1.9754.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 106.14 is likely to encourage a continuation of the downward trend.

According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 209.61 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -102 pips.

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.07; the lower boundary 109.00; the width of the pattern 1065 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 108.99 level.

The Triple Bottom pattern has formed on the chart of the NZDJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 92.49/91.92.

The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 106.33; the resistance level 106.64; the width of the pattern 31 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 29 points.

According to the chart of M15, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5970, the lower border is 0.5947. The signal means that a long position should be opened above the upper border 0.5970 of the Bullish Rectangle.