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

The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8203; the lower boundary 0.8198; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.8198 with a possible movements towards the 0.8183 level.

The Double Bottom pattern has been formed on NZDCAD H1. Characteristics: the support level 0.8187; the resistance level 0.8202; the width of the pattern 15 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 14 points.

The Double Bottom pattern has been formed on NZDCAD M30. Characteristics: the support level 0.8187; the resistance level 0.8202; the width of the pattern 15 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 14 points.

The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8188; the resistance level 0.8192; the width of the pattern 4 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 4 points.

According to the chart of M5, NZDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8208, the lower border is 0.8197. The signal means that a short position should be opened after fixing a price below the lower border 0.8197 of the Bearish Rectangle.