FX.co - Actual patterns. Technical analysis and trading recommendations

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

NZDCAD M15

The Double Bottom pattern has been formed on NZDCAD M15. 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 0.8326 is broken. The further movements will rely on the width of the current pattern 11 points.

2024-05-16T12:30:23

GOLD M5

Bearish Symmetrical Triangle

According to the chart of M5, GOLD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 2380.42 is likely to encourage a continuation of the downward trend.

2024-05-16T12:02:47

GBPUSD M30

Head and Shoulders

The GBPUSD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.2699, the Neckline and the upward angle are at 1.2675/1.2665. 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 GBPUSD will go towards 1.2635.

2024-05-16T11:33:15

EURGBP M15

Inverse Head and Shoulder

According to M15, EURGBP is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8581/0.8581 is broken out, the instrument is likely to move toward 0.8604.

2024-05-16T11:32:17

USDCHF D1

Head and Shoulders

The USDCHF D1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9223, the Neckline and the upward angle are at 0.9011/0.9006. 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 USDCHF will go towards 0.8966.

2024-05-16T11:31:24

GBPUSD M5

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.2671; the lower boundary is 1.2665. The width of the pattern is 6 points. In case of a break of the upper boundary 1.2671, 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.

2024-05-16T10:46:11

AUDCHF M5

The Bullish Flag pattern has been formed on AUDCHF at M5. The lower boundary of the pattern is located at 0.6023/0.6021, while the higher boundary lies at 0.6027/0.6025. The projection of the flagpole is 5 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.6027 is broken, the price will move further upwards.

2024-05-16T10:30:53

USDJPY M5

Bullish Rectangle

According to the chart of M5, USDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 154.82, the lower border is 154.63. The signal means that a long position should be opened above the upper border 154.82 of the Bullish Rectangle.

2024-05-16T10:21:11

#Bitcoin M5

The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 66102.90 is broken, the downward movement will continue.

2024-05-16T10:05:22

AUDUSD M15

The Triple Bottom pattern has been formed on AUDUSD M15. It has the following characteristics: resistance level 0.6698/0.6690; support level 0.6677/0.6676; the width is 21 points. In the event of a breakdown of the resistance level of 0.6698, the price is likely to continue an upward movement at least to 0.6697.

2024-05-16T10:00:58