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

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5715 is likely to encourage a continuation of the downward trend.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5728; the lower boundary 0.5718; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5695 level.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5728; the lower boundary 0.5721; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.5721 with a possible movements towards the 0.5706 level.

According to the chart of M5, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5611 and support 0.5602. In case the resistance level 0.5611 - 0.5611 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5632/0.5609 whereas the lower border goes across 0.5580/0.5609. The pattern width is measured on the chart at 52 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5609 is broken, the price could continue its move toward 0.5624.

According to M15, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5606/0.5605 is broken out, the instrument is likely to move toward 0.5627.

The Double Bottom pattern has been formed on NZDUSD M30. 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 0.5605 is broken. The further movements will rely on the width of the current pattern 13 points.

According to the chart of M15, NZDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5645 - 0.0000 and support 0.5633 – 0.5633. In case the resistance level 0.5633 - 0.5633 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, NZDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5633 – 0.5633 and upper border 0.5645 – 0.5645. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the NZDUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5681; the projection of the flagpole height is equal to 10 pips. In case the price breaks out the pattern’s bottom of 0.5681, the downtrend is expected to continue for further level 0.5666.