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
GOLD M5
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of GOLD M5. There are weighty reasons to suggest that the price will surpass the Neckline 4208.68/4213.84 after the right shoulder has been formed. So, the trend is set to change with the price heading for 4213.69.
EURGBP M5
Bearish Rectangle
According to the chart of M5, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8624 – 0.8624 and upper border 0.8629 – 0.8629. In case the lower border is broken, the instrument is likely to follow the downward trend.
NZDUSD M5
Bullish Symmetrical Triangle
According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5839 and 0.5815 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 0.5839 is broken, the price is likely to continue its move by 0.5843.
GBPCHF M5
Bearish Rectangle
According to the chart of M5, GBPCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0652 – 1.0652 and upper border 1.0664 – 1.0664. In case the lower border is broken, the instrument is likely to follow the downward trend.
EURCAD M5
Bullish Rectangle
According to the chart of M5, EURCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.6164 – 1.6164 and upper border 1.6175 – 1.6175. In case the upper border is broken, the instrument is likely to follow the upward trend.
EURGBP M15
Double Bottom
The Double Bottom pattern has been formed on EURGBP 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 0.8629 is broken. The further movements will rely on the width of the current pattern 5 points.
GBPJPY M5
Double Top
On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 214.59; the lower boundary 214.30; the width of the pattern 29 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 214.15 level.
EURJPY M5
Double Top
The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 185.17; the lower boundary 184.92; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 184.92 with a possible movements towards the 184.77 level.
#PEP M15
Triple Top
On the chart of the #PEP M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 143.44, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 199 points.
#NTDOY M30
Double Bottom
The Double Bottom pattern has been formed on #NTDOY M30; the upper boundary is 11.11; the lower boundary is 10.98. The width of the pattern is 12 points. In case of a break of the upper boundary 11.11, 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.