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

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5444 and 0.5415 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 0.5444 is broken, the price is likely to continue its move by 0.5459.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5444/0.5429 whereas the lower border goes across 0.5415/0.5429. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5429 is broken, the price could continue its move toward 0.5451.

The Double Top pattern has been formed on NZDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5413 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on NZDCHF M30. Characteristics: the upper boundary 0.5444; the lower boundary 0.5413; the width of the pattern is 32 points. Sell trades are better to be opened below the lower boundary 0.5413 with a possible movements towards the 0.5383 level.

According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.5445 while the median line of the Neck is found at 0.5439/0.5438. 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 NZDCHF will go towards 0.5423.

The Double Top reversal pattern has been formed on NZDCHF M30. Characteristics: the upper boundary 0.5444; the lower boundary 0.5432; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.5432 with a possible movements towards the 0.5402 level.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5433 and 0.5424 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 0.5433 is broken, the price is likely to continue its move by 0.5444.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5402 is likely to encourage a continuation of the downward trend.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDCHF M30. Forecast: if the price breaks above the pattern high at 0.5427, then traders will be able to place a long deal with the target at 0.5457.

The Bullish pennant signal – Trading instrument NZDCHF M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.5427, with the prospect of the next move being a projection of the flagpole height.