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

On the chart of NZDUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5924; the lower boundary 0.5889; the width of the pattern 35 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5849 level.

The Bullish Flag pattern has been formed on the chart NZDUSD M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.5914 may push the price higher, and the rise will be the projection of the pole.

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 0.5929.

According to the chart of M15, NZDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5847 while the median line of the Neck is set at 0.5901/0.5893. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDUSD will go towards 0.5915.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5892 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -10 pips.

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5900; the lower boundary is 0.5894. The width of the pattern is 6 points. In case of a break of the upper boundary 0.5900, 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 M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5919 is broken, the downward movement will continue.

On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5929; the lower boundary 0.5922; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5907 level.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5905/0.5914 whereas the upper border goes across 0.5920/0.5914. 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 NZDUSD will breach the upper border to head for 0.5929.

According to the chart of H1, NZDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5863 while the median line of the Neck is set at 0.5903/0.5904. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDUSD will go towards 0.5944.