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

The Triple Top pattern has formed on the chart of the NZDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -2, and pattern’s width 10. Forecast If the price breaks through the support level 0.4784, it is likely to move further down to 0.4777.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4794 and 0.4783 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 11 pips. Outlook: If the upper border 0.4794 is broken, the price is likely to continue its move by 0.4804.

According to the chart of M15, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4790 - 0.0000 and support 0.4776 – 0.4776. In case the resistance level 0.4776 - 0.4776 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.4776 – 0.4776 and upper border 0.4790 – 0.4790. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4804 is likely to encourage a continuation of the downward trend.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4804 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -10 pips.

The Bullish pennant graphic pattern has formed on the NZDCHF H1 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 0.4868.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4824 and 0.4815 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 9 pips. Outlook: If the upper border 0.4824 is broken, the price is likely to continue its move by 0.4834.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4806/0.4812 whereas the upper border goes across 0.4816/0.4812. 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 NZDCHF will breach the upper border to head for 0.4827.

According to the chart of M15, NZDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.4827 while the median line of the Neck is found at 0.4808/0.4823. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCHF will go towards 0.4850