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:
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
NZDCHF
NZDCHF M15
Double Top
On the chart of NZDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4590; the lower boundary 0.4582; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4559 level.
NZDCHF M5
Double Top
The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4586; the lower boundary 0.4577; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.4577 with a possible movements towards the 0.4562 level.
NZDCHF M5
Bullish pennant
The Bullish pennant signal – Trading instrument NZDCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.4604, with the prospect of the next move being a projection of the flagpole height.
NZDCHF M15
Bullish Rectangle
According to the chart of M15, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4593 and support 0.4584. In case the resistance level 0.4593 - 0.4593 is broken, the instrument is likely to follow the bullish trend.
NZDCHF M15
Bearish Symmetrical Triangle
According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4548 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.
NZDCHF M15
Bearish Symmetrical Triangle
According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4571 is likely to encourage a continuation of the downward trend.
NZDCHF M30
Double Bottom
The Double Bottom pattern has been formed on NZDCHF M30. 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 0.4587 is broken. The further movements will rely on the width of the current pattern 16 points.
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 0.4587 is broken. The further movements will rely on the width of the current pattern 16 points.
NZDCHF M5
Triple Bottom
The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4587/0.4578; support level 0.4571/0.4571; the width is 16 points. In the event of a breakdown of the resistance level of 0.4587, the price is likely to continue an upward movement at least to 0.4589.
NZDCHF M5
Double Top
The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4600; the lower boundary 0.4592; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.4592 with a possible movements towards the 0.4577 level.