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

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 0.8049 is broken. The further movements will rely on the width of the current pattern 13 points.

According to the chart of H1, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8043 – 0.8043 and upper border 0.8057 – 0.8057. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on NZDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8043 is broken, the downward movement will continue.

According to the chart of M30, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8057, the lower border is 0.8043. The signal means that a long position should be opened above the upper border 0.8057 of the Bullish Rectangle.

On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8057; the lower boundary 0.8044; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8014 level.