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

The Triple Bottom pattern has formed on the chart of the NZDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.4620/0.4605.

The Triple Bottom pattern has formed on the chart of the NZDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.4620/0.4605.

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 0.4620 is broken. The further movements will rely on the width of the current pattern 21 points.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDCHF M5. Forecast: if the price breaks above the pattern high at 0.4608, then traders will be able to place a long deal with the target at 0.4623.

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 0.4623.

According to the chart of M5, NZDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.4605 while the median line of the Neck is set at 0.4613/0.4612. 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 NZDCHF will go towards 0.4627.

The Bearish Flag pattern has been formed on the chart NZDCHF M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.4608, traders should enter the market.

The Bearish pennant pattern has formed on the NZDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.4608; the projection of the flagpole height is equal to 12 pips. In case the price breaks out the pattern’s bottom of 0.4608, the downtrend is expected to continue for further level 0.4586.

The Double Top reversal pattern has been formed on NZDCHF M30. Characteristics: the upper boundary 0.4620; the lower boundary 0.4612; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.4612 with a possible movements towards the 0.4582 level.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4612/0.4617 and upper border is 0.4622/0.4617. The pattern width is measured on the chart at -10 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 NZDCHF breaches the lower border, the price could continue its move toward 0.4602.