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

The Bearish Flag pattern has been formed on the chart NZDUSD M5 which signals that the downward trend will continue. If the price breaks below the low at 0.5947, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the NZDUSD M5 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 0.5947, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the AUDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.6907/0.6908 with the upper limit 0.6933/0.6928; the projection of the width is 26 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.6907, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on NZDUSD M30. Characteristics: the upper boundary 0.5970; the lower boundary 0.5947; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 0.5947 with a possible movements towards the 0.5917 level.

The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5947 is broken, the downward movement will continue.