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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AUDCAD
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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
AUDCAD
AUDCAD H1
Triple Bottom
The Triple Bottom pattern has formed on the AUDCAD H1 chart. It has the following characteristics: resistance at 0.9934; support at 0.9890; pattern width of 44 points. If the confirmation resistance at 0.9960 is broken, the price is likely to continue upward by at least 65 points.
AUDCAD M5
Bullish Flag
The Bullish Flag pattern has formed on the AUDCAD M5 chart, signaling a likely continuation of the uptrend. A break above the pattern high at 0.9907 may send the price higher by a distance corresponding to the height of the flagpole.
AUDCAD M5
Bullish Pennant
The Bullish Pennant pattern has formed on the AUDCAD M5 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 0.9907, the uptrend is expected to continue toward 0.9922.
AUDCAD M5
Bearish Flag
The Bearish Flag pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9913/0.9915, while its upper boundary passes through 0.9915/0.9917. The projected flagpole height is 5 points. The formation indicates that the downtrend is likely to continue. A break below 0.9913 would confirm further downward movement.
AUDCAD H1
Double Bottom
The Double Bottom pattern has formed on the AUDCAD H1 chart. Its upper boundary is at 0.9960, its lower boundary is at 0.9890, and its width is 72 points. A break above the upper boundary at 0.9960 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
AUDCAD M5
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. Its lower boundary passes through 0.9895/0.9900, while its upper boundary passes through 0.9906/0.9900. The pattern width is 11 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If AUDCAD breaks below the lower boundary, the price could move toward 0.9885.
AUDCAD D1
Double Top
The Double Top reversal pattern has formed on the AUDCAD D1 chart. Its upper boundary is at 0.9987, its lower boundary is at 0.9898, and its width is 89 points. A break below the lower boundary is likely to confirm further downward movement toward 0.9858.
AUDCAD D1
Double Top
The Double Top reversal pattern has formed on the AUDCAD D1 chart. Its upper boundary is at 0.9976, its lower boundary is at 0.9898, and its width is 89 points. A short position may be considered below the lower boundary at 0.9898, with a potential target at 0.9858.
AUDCAD M5
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the AUDCAD M5 chart. A break below the lower boundary at 0.9896 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 38 points.
AUDCAD D1
Double Top
The Double Top pattern has formed on the AUDCAD D1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.9898 is likely to confirm further downward movement.