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:
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Figure:
All
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
NZDCHF
NZDCHF M30
Bullish Rectangle
According to the chart of M30, NZDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.4614 – 0.4614 and upper border 0.4624 – 0.4624. In case the upper border is broken, the instrument is likely to follow the upward trend.
NZDCHF H1
Double Top
On the chart of NZDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4624; the lower boundary 0.4602; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4562 level.
NZDCHF M5
Bullish Rectangle
According to the chart of M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4620 and support 0.4615. In case the resistance level 0.4620 - 0.4620 is broken, the instrument is likely to follow the bullish trend.
NZDCHF H1
Bearish Symmetrical Triangle
According to the chart of H1, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4583 is likely to encourage a continuation of the downward trend.
NZDCHF M15
Inverse Head and Shoulder
According to M15, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4600/0.4601 is broken out, the instrument is likely to move toward 0.4624.
NZDCHF H1
Double Bottom
The Double Bottom pattern has been formed on NZDCHF 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 0.4595 is broken. The further movements will rely on the width of the current pattern 7 points.
NZDCHF M15
Bearish Rectangle
According to the chart of M15, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4595, the lower border is 0.4588. The signal means that a short position should be opened after fixing a price below the lower border 0.4588 of the Bearish Rectangle.
NZDCHF M15
Double Bottom
The Double Bottom pattern has been formed on NZDCHF M15. 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 0.4595 is broken. The further movements will rely on the width of the current pattern 7 points.
NZDCHF M5
Triple Bottom
The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4595/0.4591; support level 0.4588/0.4589; the width is 7 points. In the event of a breakdown of the resistance level of 0.4595, the price is likely to continue an upward movement at least to 0.4604.
NZDCHF H1
Double Bottom
The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4643; the lower boundary is 0.4628. The width of the pattern is 15 points. In case of a break of the upper boundary 0.4643, 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.