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

According to the chart of M15, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.5979, the lower border is 0.5967. The signal means that a long position should be opened above the upper border 0.5979 of the Bullish Rectangle.

On the chart of the NZDUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.5967, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

The Triple Bottom pattern has formed on the chart of NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.5994 with the upper limit 0.5994/0.5953, the projection of the width is 62 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 0.5932, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5959/0.5957; support level 0.5947/0.5951; the width is 12 points. In the event of a breakdown of the resistance level of 0.5959, the price is likely to continue an upward movement at least to 0.5966.

The Bearish Flag pattern has been formed on the chart NZDUSD M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.5947, traders should enter the market.