FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Triple Bottom pattern has formed on the chart of the GOLD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 2391.30/2390.27.

The Triple Top pattern has formed on the chart of the EURCAD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.4780/1.4803 with the upper limit 1.4817/1.4818; the projection of the width is 37 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 1.4780, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on GBPCHF M15. Characteristics: the support level 1.1407; the resistance level 1.1450; the width of the pattern 43 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 41 points.

The Double Bottom pattern has been formed on USDCAD H1. Characteristics: the support level 1.3589; the resistance level 1.3659; the width of the pattern 70 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 70 points.

The Double Bottom pattern has been formed on USDCAD M30. Characteristics: the support level 1.3589; the resistance level 1.3659; the width of the pattern 70 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 70 points.

The Double Bottom pattern has been formed on GBPJPY M5; the upper boundary is 195.26; the lower boundary is 195.02. The width of the pattern is 23 points. In case of a break of the upper boundary 195.26, 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.

The Double Bottom pattern has been formed on USDCHF M5. Characteristics: the support level 0.8987; the resistance level 0.9000; the width of the pattern 13 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 12 points.

The Bearish pennant pattern has formed on the NZDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5508 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.

According to the chart of M15, EURCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.4814 and support 1.4802. In case the resistance level 1.4814 - 1.4814 is broken, the instrument is likely to follow the bullish trend.

The Bearish Flag pattern has been formed on the chart EURNZD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.7756, traders should enter the market.