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

The Double Bottom pattern has been formed on NZDCAD 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 0.8131 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Bottom pattern has been formed on NZDCAD M30; the upper boundary is 0.8145; the lower boundary is 0.8117. The width of the pattern is 28 points. In case of a break of the upper boundary 0.8145, 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.

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8127; the lower boundary is 0.8122. The width of the pattern is 5 points. In case of a break of the upper boundary 0.8127, 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.

According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8153 and 0.8111 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 42 pips. Outlook: If the upper border 0.8153 is broken, the price is likely to continue its move by 0.8173.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8123/0.8132 whereas the upper border goes across 0.8145/0.8132. 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 NZDCAD will breach the upper border to head for 0.8147.

According to the chart of M15, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8117 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -38 pips.

The Triple Bottom pattern has formed on the chart of the NZDCAD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8138/0.8124.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8151/0.8145 whereas the lower border goes across 0.8141/0.8145. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8145 is broken, the price could continue its move toward 0.8160.

The Double Top pattern has been formed on NZDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8126 is broken, the downward movement will continue.

According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8110 is likely to encourage a continuation of the downward trend.