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

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 0.4615, then traders will be able to place a long deal with the target at 0.4630.

The Bullish pennant pattern is formed on the NZDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.4615, a further uptrend is possible.

The Bearish Flag pattern has been formed on the chart NZDCHF M30. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.4606, traders should enter the market.

The Bearish pennant pattern has formed on the NZDCHF M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.4606, a trader will be able to successfully enter the sell position.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4621; the lower boundary 0.4612; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4597 level.