FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on NZDUSD 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 0.5926 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5955; the lower boundary is 0.5934. The width of the pattern is 20 points. In case of a break of the upper boundary 0.5955, 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 technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5943/0.5943 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5928.

The Triple Bottom pattern has formed on the chart of the NZDUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5888/0.5886.

According to M30, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5860/0.5861 is broken out, the instrument is likely to move toward 0.5891.

According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5814/0.5868 whereas the upper border goes across 0.5911/0.5868. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDUSD will breach the upper border to head for 0.5908.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5862; the lower boundary 0.5853; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5831 level.

According to the chart of M5, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5853 – 0.5853 and upper border 0.5862 – 0.5862. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of the NZDUSD 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 0.5852, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 13 points.

According to the chart of M5, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5864, the lower border is 0.5852. The signal means that a long position should be opened above the upper border 0.5864 of the Bullish Rectangle.