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

EURCAD M15

Bearish Symmetrical Triangle

According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.4611 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.

2024-04-26T19:31:38

EURUSD M5

Bullish pennant

The Bullish pennant signal – Trading instrument EURUSD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.0707, with the prospect of the next move being a projection of the flagpole height.

2024-04-26T19:10:28

#AMZN M30

The Double Top reversal pattern has been formed on #AMZN M30. Characteristics: the upper boundary 180.26; the lower boundary 176.12; the width of the pattern is 463 points. Sell trades are better to be opened below the lower boundary 176.12 with a possible movements towards the 175.82 level.

2024-04-26T19:00:20

#MSFT M5

The Double Bottom pattern has been formed on #MSFT M5. Characteristics: the support level 408.14; the resistance level 410.19; the width of the pattern 205 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 211 points.

2024-04-26T19:00:12

NZDCHF M30

Bullish Symmetrical Triangle

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5444 and 0.5415 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 0.5444 is broken, the price is likely to continue its move by 0.5459.

2024-04-26T18:55:53

USDJPY M5

On the chart of the USDJPY M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 157.60, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 20 points.

2024-04-26T18:35:13

#PEP M15

Bullish Symmetrical Triangle

According to the chart of M15, #PEP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 180.61 and 173.10 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 751 pips. Outlook: If the upper border 180.61 is broken, the price is likely to continue its move by 176.99.

2024-04-26T18:01:53

#PEP M30

Bullish Symmetrical Triangle

According to the chart of M30, #PEP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 180.61 and 172.97 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 764 pips. Outlook: If the upper border 180.61 is broken, the price is likely to continue its move by 177.14.

2024-04-26T18:01:51

GBPAUD M5

Inverse Head and Shoulder

According to the chart of M5, GBPAUD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.9119 while the median line of the Neck is found at 1.9080/1.9110. 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 GBPAUD will go towards 1.9134

2024-04-26T17:40:14

#EBAY M5

Bullish Symmetrical Triangle

According to the chart of M5, #EBAY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 52.07 and 51.79 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 28 pips. Outlook: If the upper border 52.07 is broken, the price is likely to continue its move by 52.08.

2024-04-26T17:20:24