FX.co - Actual patterns. Instrument: NZDCAD: 13

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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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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Signal direction:

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NZDCAD

NZDCAD M5

Inverse Head and Shoulder

According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7904 while the median line of the Neck is found at 0.7863/0.7887. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.7919

Yesterday at 1:00 (UTC+0)

NZDCAD M5

The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.8175/0.8168; support level 0.8162/0.8157; the width is 13 points. In the event of a breakdown of the resistance level of 0.8175, the price is likely to continue an upward movement at least to 0.8175.

3 April at 17:45 (UTC+0)

NZDCAD M15

Bullish Rectangle

According to the chart of M15, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8221 and support 0.8192. In case the resistance level 0.8221 - 0.8221 is broken, the instrument is likely to follow the bullish trend.

3 April at 12:51 (UTC+0)

NZDCAD M5

Bullish Rectangle

According to the chart of M5, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8192 – 0.8192 and upper border 0.8221 – 0.8221. In case the upper border is broken, the instrument is likely to follow the upward trend.

3 April at 12:45 (UTC+0)

NZDCAD M15

The Double Top reversal pattern has been formed on NZDCAD M15. Characteristics: the upper boundary 0.8221; the lower boundary 0.8193; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 0.8193 with a possible movements towards the 0.8170 level.

3 April at 12:44 (UTC+0)

NZDCAD M5

The Triple Bottom pattern has formed on the chart of the NZDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8154/0.8151.

2 April at 23:24 (UTC+0)

NZDCAD M5

The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -4, support level -8, and pattern’s width 9. Forecast If the price breaks through the support level 0.8211, it is likely to move further down to 0.8208.

2 April at 12:15 (UTC+0)

NZDCAD M5

The Triple Bottom pattern has formed on the chart of the NZDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8161/0.8157.

1 April at 18:15 (UTC+0)

NZDCAD M15

Bullish Symmetrical Triangle

According to the chart of M15, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8172 and 0.8152 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 0.8172 is broken, the price is likely to continue its move by 0.8184.

1 April at 11:20 (UTC+0)

NZDCAD M5

The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8162 is broken, the downward movement will continue.

31 March at 22:06 (UTC+0)