FX.co ★ Actual patterns. Technical analysis and trading recommendations
Actual patterns
Double Top
The Double Top reversal pattern has formed on the NZDCAD M30 chart. Its upper boundary is at 0.7880, its lower boundary is at 0.7855, and its width is 27 points. A short position may be considered below the lower boundary at 0.7855, with a potential target at 0.7825.
Double Bottom
The Double Bottom pattern has formed on the NZDCAD H1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.7898. The projected move is based on the pattern width of 51 points.
Triple Bottom
The Triple Bottom pattern has formed on the NZDCAD M5 chart. A break above the confirmation resistance at 0.7875 may signal a reversal from a downtrend to an uptrend.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the NZDCAD H1 chart. A break below the lower boundary at 0.7948 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 50 points.
Double Bottom
The Double Bottom pattern has formed on the NZDCAD H1 chart. Its support is at 0.7947, its resistance is at 0.7977, and its width is 30 points. A break above resistance may confirm a trend reversal, with the first target projected 29 points away.