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
AUDCAD M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of AUDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.9186 with the upper limit 0.9186/0.9185, the projection of the width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9176, the price is most likely to continue the upward movement.
AUDCAD M5
Bearish Rectangle
According to the chart of M5, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9176 – 0.9176 and upper border 0.9186 – 0.9186. In case the lower border is broken, the instrument is likely to follow the downward trend.
#NTDOY H1
Bearish pennant
The Bearish pennant pattern has formed on the #NTDOY H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 19.83 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
AUDCAD M5
Double Bottom
The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9176; the resistance level 0.9186; the width of the pattern 10 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 10 points.
NZDCAD M5
Bearish Rectangle
According to the chart of M5, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7990 - 0.0000 and support 0.7983 – 0.7983. In case the resistance level 0.7983 - 0.7983 is broken, the instrument is likely to follow the bearish trend.
#PEP M15
Double Bottom
The Double Bottom pattern has been formed on #PEP M15; the upper boundary is 145.69; the lower boundary is 144.51. The width of the pattern is 114 points. In case of a break of the upper boundary 145.69, 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.
NZDCAD M5
Triple Bottom
The Triple Bottom pattern has formed on the chart of NZDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.7995 with the upper limit 0.7995/0.7989, the projection of the width is 8 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.7987, the price is most likely to continue the upward movement.
AUDCHF M15
Double Top
On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5344; the lower boundary 0.5335; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5313 level.
AUDCHF M5
Triple Top
The Triple Top pattern has formed on the chart of the AUDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5335/0.5339 with the upper limit 0.5343/0.5344; the projection of the width is 8 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 0.5335, the price is most likely to continue the downward movement.
#PEP M15
Bearish pennant
The Bearish pennant pattern has formed on the #PEP M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 144.35, a trader will be able to successfully enter the sell position.