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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EURNZD
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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:
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High
Medium
Low
Signal direction:
All
Buy
Sell
EURNZD
EURNZD M15
Double Top
The Double Top pattern has been formed on EURNZD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.7910 is broken, the downward movement will continue.
EURNZD M5
Double Top
The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.7955; the lower boundary 1.7910; the width of the pattern is 43 points. Sell trades are better to be opened below the lower boundary 1.7910 with a possible movements towards the 1.7895 level.
EURNZD M15
Double Bottom
The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.7872; the lower boundary is 1.7862. The width of the pattern is 10 points. In case of a break of the upper boundary 1.7872, 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.
EURNZD M15
Double Bottom
The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 1.7901; the resistance level 1.7932; the width of the pattern 31 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 29 points.
EURNZD M5
Double Bottom
The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.7927; the resistance level 1.7934; the width of the pattern 7 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 7 points.
EURNZD M5
Double Bottom
The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.7932; the lower boundary is 1.7927. The width of the pattern is 5 points. In case of a break of the upper boundary 1.7932, 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.
EURNZD M30
Triple Bottom
The Triple Bottom pattern has formed on the chart of the EURNZD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.7965/1.7925.
EURNZD M15
Bearish Symmetrical Triangle
According to the chart of M15, EURNZD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.7901 is likely to encourage a continuation of the downward trend.
EURNZD M5
Bullish Flag
The Bullish Flag pattern has been formed on the chart EURNZD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.7994 may push the price higher, and the rise will be the projection of the pole.
EURNZD M5
Inverse Head and Shoulder
According to M5, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.7981/1.7982 is broken out, the instrument is likely to move toward 1.7997.