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

According to the chart of M15, NZDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8113 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on NZDCAD M30. Characteristics: the support level 0.8112; the resistance level 0.8128; the width of the pattern 16 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 15 points.

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 0.8131 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Bottom pattern has been formed on NZDCAD M30; the upper boundary is 0.8145; the lower boundary is 0.8117. The width of the pattern is 28 points. In case of a break of the upper boundary 0.8145, 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.

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8127; the lower boundary is 0.8122. The width of the pattern is 5 points. In case of a break of the upper boundary 0.8127, 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.