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

The Double Bottom pattern has been formed on NZDJPY M5. 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 93.20 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Bottom pattern has been formed on NZDJPY M5. 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 93.15 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 93.46; the lower boundary 93.31; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 93.31 with a possible movements towards the 93.01 level.

The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.31 is broken, the downward movement will continue.

According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 93.49/93.41 whereas the lower border goes across 93.29/93.41. The pattern width is measured on the chart at 20 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 93.41 is broken, the price could continue its move toward 93.64.

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 93.19/93.22 with the upper limit 93.31/93.31; the projection of the width is 12 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 93.19, the price is most likely to continue the downward movement.

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 92.46 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -31 pips.

According to the chart of M15, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 92.52 – 92.52 and upper border 92.80 – 92.80. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 92.52 – 92.52 and upper border 92.76 – 92.76. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 92.91; the resistance level 93.01; the width of the pattern 10 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 11 points.