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

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:
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M5
M15
M30
H1
D1
Signal strength:
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High
Medium
Low
Signal direction:
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Buy
Sell
NZDCAD

NZDCAD M5

Double Bottom
The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8092; the lower boundary is 0.8064. The width of the pattern is 28 points. In case of a break of the upper boundary 0.8092, 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.
2022-08-08T05:06:03

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 0.8069 is broken. The further movements will rely on the width of the current pattern 4 points.
2022-08-08T04:21:59

NZDCAD M5

Inverse Head and Shoulder
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8073 while the median line of the Neck is found at 0.8060/0.8065. 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 0.8088
2022-08-05T20:47:26

NZDCAD M5

Bearish Symmetrical Triangle
According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8059/0.8074 and upper border is 0.8089/0.8074. The pattern width is measured on the chart at -30 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCAD breaches the lower border, the price could continue its move toward 0.
2022-08-05T17:23:17

NZDCAD M30

Double Top
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 0.8092 is broken, the downward movement will continue.
2022-08-05T12:30:06

NZDCAD M5

Bullish Symmetrical Triangle
According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8087/0.8103 whereas the upper border goes across 0.8116/0.8103. 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 0.8118.
2022-08-05T09:55:35

NZDCAD M5

Double Bottom
The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8072; the resistance level 0.8089; the width of the pattern 17 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 17 points.
2022-08-04T13:25:09

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 0, support level -9, and pattern’s width 15. Forecast If the price breaks through the support level 0.8034, it is likely to move further down to 0.8035.
2022-08-03T06:40:20

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 0.8086 is broken. The further movements will rely on the width of the current pattern 17 points.
2022-08-02T16:15:24

NZDCAD M15

Triple Bottom
The Triple Bottom pattern has been formed on NZDCAD M15. It has the following characteristics: resistance level 0.8094/0.8092; support level 0.8068/0.8069; the width is 26 points. In the event of a breakdown of the resistance level of 0.8094, the price is likely to continue an upward movement at least to 0.8094.
2022-08-02T15:15:19