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

Technical Analysis Patterns
There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.
Instrument:
All
#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
EURCAD
EURRUB
EURNZD
USDCAD
USDCHF
USDJPY
USDRUB
NZDCAD
NZDUSD
NZDCHF
NZDJPY
AUDCAD
AUDCHF
AUDJPY
AUDUSD
GBPUSD
GBPJPY
GBPAUD
GBPCHF
GOLD
SILVER
#AAPL
#AMZN
#EBAY
#FB
#GOOG
#MCD
#MA
#KO
#INTC
#MSFT
#NTDOY
#PEP
#TSLA
#TWTR
Figure:
All
Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
All
High
Medium
Low
Signal direction:
All
Buy
Sell
AUDCAD M15
Double Bottom
The Double Bottom pattern has been formed on AUDCAD M15. Characteristics: the support level 0.9637; the resistance level 0.9681; the width of the pattern 44 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 45 points.
NZDCHF M15
Bullish Symmetrical Triangle
According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4623 and 0.4612 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 11 pips. Outlook: If the upper border 0.4623 is broken, the price is likely to continue its move by 0.4640.
GBPAUD M30
Bearish Symmetrical Triangle
According to the chart of M30, GBPAUD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.9079 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -53 pips.
GBPUSD M5
Bearish Flag
The Bearish Flag pattern has been formed on GBPUSD at M5. The lower boundary of the pattern is located at 1.3482/1.3490 while the upper boundary lies at 1.3488/1.3496. The projection of the flagpole is 24 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.3482 is broken, the price will move further downwards.
GBPUSD M5
Bearish pennant
The Bearish pennant pattern has formed on the GBPUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3482; the projection of the flagpole height is equal to 24 pips. In case the price breaks out the pattern’s bottom of 1.3482, the downtrend is expected to continue for further level 1.3467.
GBPAUD M30
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M30. 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 1.9131 is broken. The further movements will rely on the width of the current pattern 52 points.
GBPUSD M5
Double Top
The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3501 is broken, the downward movement will continue.
NZDUSD M5
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5977/0.5977 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5962.
GOLD M15
Double Top
On the chart of GOLD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 5021.46; the lower boundary 5005.88; the width of the pattern 1558 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 5005.65 level.
GBPAUD M15
Double Bottom
The Double Bottom pattern has been formed on GBPAUD M15; the upper boundary is 1.9131; the lower boundary is 1.9081. The width of the pattern is 52 points. In case of a break of the upper boundary 1.9131, 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.