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:
1 selected
#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
NZDJPY
NZDJPY M30
Double Bottom
The Double Bottom pattern has been formed on NZDJPY M30. 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 88.56 is broken. The further movements will rely on the width of the current pattern 39 points.
NZDJPY H1
Head and Shoulders
The NZDJPY H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 89.16, the Neckline and the upward angle are at 88.46/88.55. 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 NZDJPY will go towards 88.15.
NZDJPY M30
Head and Shoulders
According to the chart of M30, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 89.16 while the median line of the Neck is found at 88.46/88.55. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 88.25.
NZDJPY M15
Head and Shoulders
The NZDJPY M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 89.16, the Neckline and the upward angle are at 88.46/88.55. 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 NZDJPY will go towards 88.32.
NZDJPY M5
Head and Shoulders
The NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 89.16, the Neckline and the upward angle are at 88.92/88.93. 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 NZDJPY will go towards 88.78.
NZDJPY M30
Double Bottom
The Double Bottom pattern has been formed on NZDJPY M30. 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 88.18 is broken. The further movements will rely on the width of the current pattern 29 points.
NZDJPY M15
Bearish pennant
The Bearish pennant pattern has formed on the NZDJPY 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 88.46, a trader will be able to successfully enter the sell position.
NZDJPY M15
Bearish Flag
The Bearish Flag pattern has been formed on the chart NZDJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 88.46, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).
NZDJPY M5
Double Bottom
The Double Bottom pattern has been formed on NZDJPY M5. 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 88.65 is broken. The further movements will rely on the width of the current pattern 16 points.
NZDJPY M5
Head and Shoulders
According to the chart of M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 88.95 while the median line of the Neck is found at 88.74/88.76. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 88.61.