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

The Double Bottom pattern has been formed on EURNZD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.9129 is broken. The further movements will rely on the width of the current pattern 79 points.

On the chart of the EURNZD H1 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 1.9023, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 55 points.

The Triple Top pattern has formed on the chart of the EURNZD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -17, support level -1, and pattern’s width 55. Forecast If the price breaks through the support level 1.9023, it is likely to move further down to 1.9049.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9084; the lower boundary 1.9051; the width of the pattern 33 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9036 level.

According to the chart of H1, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9023 – 1.9023 and upper border 1.9079 – 1.9079. In case the upper border is broken, the instrument is likely to follow the upward trend.