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

According to the chart of H1, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4590 - 0.0000 and support 0.4573 – 0.4573. In case the resistance level 0.4573 - 0.4573 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4573 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.

The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0152 is broken, the downward movement will continue.

The Bullish pennant signal – Trading instrument #TSLA H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 484.09, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4623/0.4617 whereas the lower border goes across 0.4612/0.4617. The pattern width is measured on the chart at 11 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4617 is broken, the price could continue its move toward 0.4632.

The Double Bottom pattern has been formed on NZDCHF 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 0.4615 is broken. The further movements will rely on the width of the current pattern 6 points.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4609; the resistance level 0.4614; the width of the pattern 5 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 5 points.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4623; the resistance level 0.4628; the width of the pattern 5 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 5 points.

The Double Bottom pattern has been formed on NZDCHF M15; the upper boundary is 0.4632; the lower boundary is 0.4626. The width of the pattern is 6 points. In case of a break of the upper boundary 0.4632, 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 Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4634; the resistance level 0.4642; the width of the pattern 8 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 8 points.