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:
All
Buy
Sell
NZDUSD
NZDUSD H1
Double Bottom
The Double Bottom pattern has been formed on NZDUSD H1. 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 0.5882 is broken. The further movements will rely on the width of the current pattern 25 points.
NZDUSD M15
Double Top
The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.5881; the lower boundary 0.5873; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.5873 with a possible movements towards the 0.5850 level.
NZDUSD M30
Double Bottom
The Double Bottom pattern has been formed on NZDUSD M30; the upper boundary is 0.5940; the lower boundary is 0.5913. The width of the pattern is 27 points. In case of a break of the upper boundary 0.5940, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
NZDUSD M15
Bullish Rectangle
According to the chart of M15, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5975 – 0.5975 and upper border 0.5989 – 0.5989. In case the upper border is broken, the instrument is likely to follow the upward trend.
NZDUSD M5
Triple Top
The Triple Top pattern has formed on the chart of the NZDUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -7, and pattern’s width 12. Forecast If the price breaks through the support level 0.5975, it is likely to move further down to 0.5974.
NZDUSD M5
Bullish Rectangle
According to the chart of M5, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5950 – 0.5950 and upper border 0.5959 – 0.5959. In case the upper border is broken, the instrument is likely to follow the upward trend.
NZDUSD M15
Bullish Flag
The Bullish Flag pattern has been formed on NZDUSD at M15. The lower boundary of the pattern is located at 0.5950/0.5950, while the higher boundary lies at 0.5956/0.5956. The projection of the flagpole is 16 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.5956 is broken, the price will move further upwards.
NZDUSD M30
Bullish Rectangle
According to the chart of M30, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5931 and support 0.5921. In case the resistance level 0.5931 - 0.5931 is broken, the instrument is likely to follow the bullish trend.
NZDUSD M30
Double Top
The Double Top pattern has been formed on NZDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5922 is broken, the downward movement will continue.
NZDUSD M15
Bullish Rectangle
According to the chart of M15, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5931, the lower border is 0.5922. The signal means that a long position should be opened above the upper border 0.5931 of the Bullish Rectangle.