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

The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.6010; the lower boundary is 0.6000. The width of the pattern is 11 points. In case of a break of the upper boundary 0.6010, 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 Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6025 is broken, the downward movement will continue.

The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6025 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.6060; the resistance level 0.6067; the width of the pattern 7 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 7 points.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6089; the lower boundary 0.6077; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6054 level.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6116/0.6093 whereas the lower border goes across 0.6071/0.6093. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6093 is broken, the price could continue its move toward 0.6123.

According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6116/0.6093 whereas the lower border goes across 0.6072/0.6093. The pattern width is measured on the chart at 44 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6093 is broken, the price could continue its move toward 0.6115.

The Bullish pennant graphic pattern has formed on the NZDUSD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.6109.

On the chart of the NZDUSD M5 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 0.6079, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.

The NZDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.6081, the Neckline and the upward angle are at 0.6057/0.6057. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDUSD will go towards 0.6035.