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

The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.7973/0.7972; support level 0.7966/0.7965; the width is 7 points. In the event of a breakdown of the resistance level of 0.7973, the price is likely to continue an upward movement at least to 0.7981.

The Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5332; the resistance level 0.5351; the width of the pattern 19 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 18 points.

According to the chart of M5, NZDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.7966 – 0.7966 and upper border 0.7973 – 0.7973. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Bottom pattern has formed on the chart of the AUDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9289/0.9288.

According to the chart of M5, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9281 – 0.9281 and upper border 0.9289 – 0.9289. In case the lower border is broken, the instrument is likely to follow the downward trend.