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

According to the chart of M15, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5797 and support 0.5787. In case the resistance level 0.5797 - 0.5797 is broken, the instrument is likely to follow the bullish trend.

The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5788 is broken, the downward movement will continue.

The technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5790/0.5791 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5776.

According to the chart of M15, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5768 and support 0.5760. In case the resistance level 0.5768 - 0.5768 is broken, the instrument is likely to follow the bullish trend.

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 0.5763 is broken, the downward movement will continue.