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
NZDJPY
NZDJPY M15
Bullish Rectangle
According to the chart of M15, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 95.38 and support 95.22. In case the resistance level 95.38 - 95.38 is broken, the instrument is likely to follow the bullish trend.
NZDJPY M5
Bullish Rectangle
According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 95.22 – 95.22 and upper border 95.38 – 95.38. In case the upper border is broken, the instrument is likely to follow the upward trend.
NZDJPY M15
Double Top
The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 95.22 is broken, the downward movement will continue.
NZDJPY M5
Double Top
The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 95.22 is broken, the downward movement will continue.
NZDJPY M30
Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDJPY M30. Forecast: if the price breaks above the pattern high at 94.42, then traders will be able to place a long deal with the target at 94.72.
NZDJPY M5
Triple Top
The Triple Top pattern has formed on the chart of the NZDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -3, and pattern’s width 13. Forecast If the price breaks through the support level 93.22, it is likely to move further down to 93.23.
NZDJPY M5
Double Bottom
The Double Bottom pattern has been formed on NZDJPY 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 93.20 is broken. The further movements will rely on the width of the current pattern 14 points.
NZDJPY M5
Double Bottom
The Double Bottom pattern has been formed on NZDJPY 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 93.15 is broken. The further movements will rely on the width of the current pattern 9 points.
NZDJPY M30
Double Top
The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 93.46; the lower boundary 93.31; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 93.31 with a possible movements towards the 93.01 level.
NZDJPY M30
Double Top
The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.31 is broken, the downward movement will continue.