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:
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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
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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
EURGBP
EURGBP H1
Triple Top
The Triple Top pattern has formed on the chart of the EURGBP H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -2, and pattern’s width 10. Forecast If the price breaks through the support level 0.8541, it is likely to move further down to 0.8510.
EURGBP M30
Bullish Flag
The Bullish Flag pattern has been formed on EURGBP at M30. The lower boundary of the pattern is located at 0.8570/0.8566, while the higher boundary lies at 0.8572/0.8568. The projection of the flagpole is 9 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8572 is broken, the price will move further upwards.
EURGBP M30
Bullish pennant
The Bullish pennant pattern is formed on the EURGBP M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.8572, a further uptrend is possible.
EURGBP M15
Head and Shoulders
The EURGBP M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8567, the Neckline and the upward angle are at 0.8557/0.8558. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURGBP will go towards 0.8536.
EURGBP H1
Double Top
The Double Top pattern has been formed on EURGBP H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8574 is broken, the downward movement will continue.
EURGBP M15
Triple Top
The Triple Top pattern has formed on the chart of the EURGBP M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -4, and pattern’s width 12. Forecast If the price breaks through the support level 0.8570, it is likely to move further down to 0.8558.
EURGBP M15
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of EURGBP M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.8564/0.8565 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8543.
EURGBP M5
Double Top
The Double Top reversal pattern has been formed on EURGBP M5. Characteristics: the upper boundary 0.8569; the lower boundary 0.8565; the width of the pattern is 4 points. Sell trades are better to be opened below the lower boundary 0.8565 with a possible movements towards the 0.8550 level.
EURGBP H1
Triple Top
The Triple Top pattern has formed on the chart of the EURGBP H1. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8541/0.8547 with the upper limit 0.8558/0.8556; the projection of the width is 17 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.8541, the price is most likely to continue the downward movement.
EURGBP M30
Triple Top
The Triple Top pattern has formed on the chart of the EURGBP M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8541/0.8547 with the upper limit 0.8558/0.8556; the projection of the width is 17 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.8541, the price is most likely to continue the downward movement.