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.
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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
NZDUSD
NZDUSD M15
Inverse Head and Shoulders
The Inverse Head and Shoulders pattern has formed on the NZDUSD M15 chart. The head low is at 0.5946, while the neckline passes through 0.5955/0.5954. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.
NZDUSD M5
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the NZDUSD M5 chart. A break below the lower boundary at 0.5963 is likely to signal a continuation of the downtrend.
NZDUSD M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of NZDUSD M5. The lower boundary is at 0.5963, while the upper boundary is at 0.5973/0.5972. The projected width is 9 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.5973 is broken, the price is likely to continue upward.
NZDUSD M15
Head and Shoulders
The Head and Shoulders pattern has formed on the NZDUSD M15 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 0.5970/0.5970 may confirm the bearish reversal.
NZDUSD M5
Triple Top
The Triple Top pattern has formed on the chart of NZDUSD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 0.5969 may confirm the bearish scenario. The projected peak-to-trough width is 9 points.
NZDUSD M5
Bullish Rectangle
The Bullish Rectangle has formed on the NZDUSD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 0.5969–0.5969 and the upper boundary at 0.5979–0.5979. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
NZDUSD M5
Double Top
The Double Top pattern has formed on the NZDUSD M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.5969 is likely to confirm further downward movement.
NZDUSD M30
Triple Bottom
The Triple Bottom pattern has formed on the chart of NZDUSD M30. The lower boundary is at 0.5863, while the upper boundary is at 0.5887/0.5871. The projected width is 22 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.5887 is broken, the price is likely to continue upward.
NZDUSD M5
Double Bottom
The Double Bottom pattern has formed on the NZDUSD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.5874. The projected move is based on the pattern width of 7 points.
NZDUSD M30
Head and Shoulders
The Head and Shoulders pattern has formed on the NZDUSD M30 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 0.5896/0.5893 may confirm the bearish reversal.