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
USDCAD
USDCAD M5
Triple Bottom
The Triple Bottom pattern has formed on the USDCAD M5 chart. It has the following characteristics: resistance at 1.3891; support at 1.3886; pattern width of 5 points. If the confirmation resistance at 1.3892 is broken, the price is likely to continue upward by at least 4 points.
USDCAD M15
Double Bottom
The Double Bottom pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.3949, its lower boundary is at 1.3934, and its width is 15 points. A break above the upper boundary at 1.3949 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
USDCAD M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of USDCAD M5. The lower boundary is at 1.4042, while the upper boundary is at 1.4047/1.4045. The projected width is 6 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 1.4047 is broken, the price is likely to continue upward.
USDCAD M15
Double Top
The Double Top reversal pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.4043, its lower boundary is at 1.4035, and its width is 9 points. A short position may be considered below the lower boundary at 1.4035, with a potential target at 1.4013.
USDCAD M30
Double Bottom
The Double Bottom pattern has formed on the USDCAD M30 chart. Its support is at 1.4003, its resistance is at 1.4014, and its width is 11 points. A break above resistance may confirm a trend reversal, with the first target projected 10 points away.
USDCAD M15
Double Bottom
The Double Bottom pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.4016, its lower boundary is at 1.4004, and its width is 13 points. A break above the upper boundary at 1.4016 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
USDCAD M5
Bearish Pennant
The Bearish Pennant pattern has formed on the USDCAD M5 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 1.4000.
USDCAD M5
Bearish Pennant
The Bearish Pennant pattern has formed on the USDCAD M5 chart and signals a potential continuation of the existing trend. The pattern low is at 1.4001, and the projected flagpole height is 20 points. If the price breaks below the pattern low at 1.4001, the downtrend is expected to continue toward 1.3986.
USDCAD M5
Bearish Rectangle
The Bearish Rectangle has formed on the USDCAD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.4006 and its lower boundary is at 1.3990. A short position may be considered once the price closes below the lower boundary at 1.3990 of the Bearish Rectangle.
USDCAD M5
Double Bottom
The Double Bottom pattern has formed on the USDCAD 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 1.4006. The projected move is based on the pattern width of 15 points.