FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bullish Flag pattern has been formed on NZDCAD at M5. The lower boundary of the pattern is located at 0.8086/0.8084, while the higher boundary lies at 0.8088/0.8086. The projection of the flagpole is 7 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8088 is broken, the price will move further upwards.

The Bullish pennant signal – Trading instrument NZDCAD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8088, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4634; the lower boundary is 0.4613. The width of the pattern is 21 points. In case of a break of the upper boundary 0.4634, 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 NZDUSD H1. Characteristics: the support level 0.5803; the resistance level 0.5817; the width of the pattern 14 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 NZDUSD M30. 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 0.5817 is broken. The further movements will rely on the width of the current pattern 14 points.