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

On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8053; the lower boundary 1.8033; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8010 level.

The Triple Bottom pattern has formed on the chart of EURNZD H1. Features of the pattern: The lower line of the pattern has coordinates 1.8070 with the upper limit 1.8070/1.8041, the projection of the width is 94 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.7976, the price is most likely to continue the upward movement.

According to the chart of M15, EURNZD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.7983 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of the EURNZD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.8043/1.8029.

The Double Bottom pattern has been formed on EURNZD H1; the upper boundary is 1.8129; the lower boundary is 1.7976. The width of the pattern is 149 points. In case of a break of the upper boundary 1.8129, 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 Bearish Flag pattern has been formed on the chart EURNZD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.7987, traders should enter the market.

The Bearish pennant pattern has formed on the EURNZD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.7987; the projection of the flagpole height is equal to 12 pips. In case the price breaks out the pattern’s bottom of 1.7987, the downtrend is expected to continue for further level 1.7972.

The Double Bottom pattern has been formed on EURNZD M30. Characteristics: the support level 1.7991; the resistance level 1.8049; the width of the pattern 58 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 56 points.

The Double Top pattern has been formed on EURNZD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8035 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 1.8086 is broken. The further movements will rely on the width of the current pattern 15 points.