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

The Bearish pennant pattern has formed on the NZDCAD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.8010, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -2, and pattern’s width 16. Forecast If the price breaks through the support level 0.8077, it is likely to move further down to 0.8076.

According to the chart of M5, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8093, the lower border is 0.8077. The signal means that a long position should be opened above the upper border 0.8093 of the Bullish Rectangle.

The Double Bottom pattern has been formed on NZDCAD M15; the upper boundary is 0.8053; the lower boundary is 0.8044. The width of the pattern is 10 points. In case of a break of the upper boundary 0.8053, 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.

On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8133; the lower boundary 0.8116; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8086 level.