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The Double Bottom pattern has been formed on NZDUSD M15. Characteristics: the support level 0.5722; the resistance level 0.5731; the width of the pattern 9 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 10 points.

The Double Bottom pattern has been formed on NZDUSD 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 0.5731 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Bottom pattern has been formed on NZDUSD H1; the upper boundary is 0.5750; the lower boundary is 0.5733. The width of the pattern is 18 points. In case of a break of the upper boundary 0.5750, 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.

According to the chart of M15, NZDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.5805 while the median line of the Neck is found at 0.5777/0.5781. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDUSD will go towards 0.5759.

The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.5801; the lower boundary 0.5792; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.5792 with a possible movements towards the 0.5770 level.

On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5801; the lower boundary 0.5791; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5776 level.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5785; the lower boundary 0.5780; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.5780 with a possible movements towards the 0.5765 level.

According to the chart of M15, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5732 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -30 pips.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5759/0.5768 and upper border is 0.5780/0.5768. 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 NZDUSD breaches the lower border, the price could continue its move toward 0.5753.

On the chart of NZDUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5770; the lower boundary 0.5735; the width of the pattern 35 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5705 level.