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.
Instrument:
All
#Bitcoin
EURCHF
EURGBP
EURJPY
EURUSD
EURCAD
EURRUB
EURNZD
USDCAD
USDCHF
USDJPY
USDRUB
NZDCAD
NZDUSD
NZDCHF
NZDJPY
AUDCAD
AUDCHF
AUDJPY
AUDUSD
GBPUSD
GBPJPY
GBPAUD
GBPCHF
GOLD
SILVER
#AAPL
#AMZN
#EBAY
#FB
#GOOG
#MCD
#MA
#KO
#INTC
#MSFT
#NTDOY
#PEP
#TSLA
#TWTR
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
NZDCAD M15
Triple Top
On the chart of the NZDCAD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.7989, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 16 points.
#KO M5
Double Bottom
The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 70.29; the resistance level 70.62; the width of the pattern 33 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 34 points.
GOLD M5
Triple Top
The Triple Top pattern has formed on the chart of the GOLD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 324, support level -429, and pattern’s width 2234. Forecast If the price breaks through the support level 4576.20, it is likely to move further down to 4595.41.
#TSLA M5
Double Top
On the chart of #TSLA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 440.56; the lower boundary 438.80; the width of the pattern 176 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 438.65 level.
#MA M15
Bearish Rectangle
According to the chart of M15, #MA formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 538.68 – 538.68 and upper border 543.97 – 543.97. In case the lower border is broken, the instrument is likely to follow the downward trend.
#MA M30
Bearish Rectangle
According to the chart of M30, #MA formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 543.97, the lower border is 538.68. The signal means that a short position should be opened after fixing a price below the lower border 538.68 of the Bearish Rectangle.
#MCD M15
Bearish Symmetrical Triangle
According to the chart of M15, #MCD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 303.81 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -664 pips.
AUDCAD M5
Double Top
The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9280 is broken, the downward movement will continue.
#PEP M5
Double Bottom
The Double Bottom pattern has been formed on #PEP M5. Characteristics: the support level 146.06; the resistance level 146.38; the width of the pattern 32 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 34 points.
GBPJPY M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of the GBPJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 211.60/211.56.