FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bullish pennant pattern is formed on the NZDUSD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5993, a further uptrend is possible.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDUSD M5. Forecast: if the price breaks above the pattern high at 0.5970, then traders will be able to place a long deal with the target at 0.5985.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5991; the lower boundary 0.5979; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 0.5979 with a possible movements towards the 0.5964 level.

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 0.5972 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -17 pips.

The Double Bottom pattern has been formed on NZDUSD H1; the upper boundary is 0.6021; the lower boundary is 0.5985. The width of the pattern is 36 points. In case of a break of the upper boundary 0.6021, 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 Triple Bottom pattern has formed on the chart of NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.6028 with the upper limit 0.6028/0.6021, the projection of the width is 40 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 0.5988, the price is most likely to continue the upward movement.

According to the chart of M5, NZDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.5986 while the median line of the Neck is set at 0.6007/0.6004. 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 0.6019.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5989/0.6001 and upper border is 0.6013/0.6001. The pattern width is measured on the chart at -24 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 NZDUSD breaches the lower border, the price could continue its move toward 0.5986.

The Double Bottom pattern has been formed on NZDUSD M30; the upper boundary is 0.6028; the lower boundary is 0.5985. The width of the pattern is 40 points. In case of a break of the upper boundary 0.6028, 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 M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6007 is broken, the downward movement will continue.