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

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5715 is likely to encourage a continuation of the downward trend.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5728; the lower boundary 0.5718; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5695 level.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5728; the lower boundary 0.5721; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.5721 with a possible movements towards the 0.5706 level.

According to the chart of M5, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5611 and support 0.5602. In case the resistance level 0.5611 - 0.5611 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5632/0.5609 whereas the lower border goes across 0.5580/0.5609. The pattern width is measured on the chart at 52 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5609 is broken, the price could continue its move toward 0.5624.