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.
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Figure:
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Triangle
Rectangle
Pennant
Flag
Head and Shoulders
Double Top
Triple top
Timeframe:
All
M5
M15
M30
H1
D1
Signal strength:
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High
Medium
Low
Signal direction:
All
Buy
Sell
NZDCAD
NZDCAD M5
Double Top
On the chart of NZDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8173; the lower boundary 0.8164; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8149 level.
NZDCAD M5
Double Top
The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8135; the lower boundary 0.8124; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.8124 with a possible movements towards the 0.8109 level.
NZDCAD H1
Double Bottom
The Double Bottom pattern has been formed on NZDCAD H1. 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 0.8094 is broken. The further movements will rely on the width of the current pattern 15 points.
NZDCAD M15
Triple Top
The Triple Top pattern has formed on the chart of the NZDCAD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -10, and pattern’s width 23. Forecast If the price breaks through the support level 0.8074, it is likely to move further down to 0.8074.
NZDCAD M5
Triple Top
The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -10, and pattern’s width 23. Forecast If the price breaks through the support level 0.8074, it is likely to move further down to 0.8082.
NZDCAD M5
Double Top
The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8097; the lower boundary 0.8074; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 0.8074 with a possible movements towards the 0.8059 level.
NZDCAD M5
Double Bottom
The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8077; the resistance level 0.8082; the width of the pattern 5 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 5 points.
NZDCAD M5
Bearish Symmetrical Triangle
According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8131 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -12 pips.
NZDCAD H1
Bullish Symmetrical Triangle
According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8196 and 0.8155 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 41 pips. Outlook: If the upper border 0.8196 is broken, the price is likely to continue its move by 0.8214.
NZDCAD M15
Bearish Rectangle
According to the chart of M15, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8169 - 0.0000 and support 0.8158 – 0.8158. In case the resistance level 0.8158 - 0.8158 is broken, the instrument is likely to follow the bearish trend.