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

According to the chart of M5, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4734, the lower border is 0.4728. The signal means that a long position should be opened above the upper border 0.4734 of the Bullish Rectangle.

According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4721 - 0.0000 and support 0.4707 – 0.4707. In case the resistance level 0.4707 - 0.4707 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4721, the lower border is 0.4707. The signal means that a short position should be opened after fixing a price below the lower border 0.4707 of the Bearish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4707; the resistance level 0.4720; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 12 points.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4718; the lower boundary is 0.4708. The width of the pattern is 11 points. In case of a break of the upper boundary 0.4718, 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.