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

The Double Top reversal pattern has been formed on EURNZD M15. Characteristics: the upper boundary 1.7939; the lower boundary 1.7906; the width of the pattern is 33 points. Sell trades are better to be opened below the lower boundary 1.7906 with a possible movements towards the 1.7883 level.

On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.7939; the lower boundary 1.7921; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.7898 level.

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.7939; the lower boundary 1.7908; the width of the pattern is 31 points. Sell trades are better to be opened below the lower boundary 1.7908 with a possible movements towards the 1.7893 level.

The Double Top pattern has been formed on EURNZD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.7897 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on EURNZD 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 1.7892 is broken. The further movements will rely on the width of the current pattern 18 points.

On the chart of the EURNZD 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 1.7883, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 14 points.

According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.7882/1.7891 and upper border is 1.7903/1.7891. The pattern width is measured on the chart at -21 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURNZD breaches the lower border, the price could continue its move toward 1.7876.

On the chart of the EURNZD D1 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 1.7839, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 254 points.

The Double Bottom pattern has been formed on EURNZD 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 1.7923 is broken. The further movements will rely on the width of the current pattern 9 points.

The Triple Top pattern has formed on the chart of the EURNZD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.7913/1.7917 with the upper limit 1.7924/1.7924; the projection of the width is 11 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 1.7913, the price is most likely to continue the downward movement.