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

The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8073 is broken, the downward movement will continue.

On the chart of NZDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8033; the lower boundary 0.8018; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.7995 level.

The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8032; the lower boundary 0.8028; the width of the pattern is 4 points. Sell trades are better to be opened below the lower boundary 0.8028 with a possible movements towards the 0.8013 level.

On the chart of NZDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8006; the lower boundary 0.7989; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.7949 level.

On the chart of the NZDCAD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.7989, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 16 points.