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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:
1 selected
#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
NZDCAD
NZDCAD M5
Bearish Rectangle
According to the chart of M5, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8051 - 0.0000 and support 0.8043 – 0.8043. In case the resistance level 0.8043 - 0.8043 is broken, the instrument is likely to follow the bearish trend.
NZDCAD M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of the NZDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8050/0.8048.
NZDCAD M5
Double Top
The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8056 is broken, the downward movement will continue.
NZDCAD M15
Bullish Rectangle
According to the chart of M15, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8049, the lower border is 0.8038. The signal means that a long position should be opened above the upper border 0.8049 of the Bullish Rectangle.
NZDCAD M5
Double Bottom
The Double Bottom pattern has been formed on NZDCAD M5. 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 0.8034 is broken. The further movements will rely on the width of the current pattern 4 points.
NZDCAD M15
Inverse Head and Shoulder
According to the chart of M15, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8037 while the median line of the Neck is found at 0.8015/0.8024. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8059
NZDCAD M5
Double Top
The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8015 is broken, the downward movement will continue.
NZDCAD M15
Double Bottom
The Double Bottom pattern has been formed on NZDCAD M15. Characteristics: the support level 0.8026; the resistance level 0.8036; the width of the pattern 10 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 11 points.
NZDCAD H1
Double Top
On the chart of NZDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8066; the lower boundary 0.8051; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8011 level.
NZDCAD M30
Double Top
On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8066; the lower boundary 0.8054; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8024 level.