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

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4611; the lower boundary 0.4606; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4591 level.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4603/0.4606 whereas the upper border goes across 0.4610/0.4606. 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 NZDCHF will breach the upper border to head for 0.4621.

The Bullish pennant graphic pattern has formed on the NZDCHF 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 0.4627.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4601/0.4596 whereas the lower border goes across 0.4589/0.4596. The pattern width is measured on the chart at 12 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4596 is broken, the price could continue its move toward 0.4611.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4585 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of NZDCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.4565 with the upper limit 0.4565/0.4557, the projection of the width is 17 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 0.4548, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4565; the lower boundary is 0.4548. The width of the pattern is 17 points. In case of a break of the upper boundary 0.4565, 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 Bottom pattern has been formed on NZDCHF M30. 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 0.4565 is broken. The further movements will rely on the width of the current pattern 17 points.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4548; the resistance level 0.4565; the width of the pattern 17 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 17 points.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4575; the lower boundary is 0.4548. The width of the pattern is 27 points. In case of a break of the upper boundary 0.4575, 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.