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The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 8, support level -5, and pattern’s width 18. Forecast If the price breaks through the support level 0.8159, it is likely to move further down to 0.8157.

The Bearish Flag pattern has been formed on EURCHF at M15. The lower boundary of the pattern is located at 0.9289/0.9291 while the upper boundary lies at 0.9293/0.9295. The projection of the flagpole is 12 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9289 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURCHF M15 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 0.9289, a trader will be able to successfully enter the sell position.

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 94.79/94.88 with the upper limit 95.01/94.94; the projection of the width is 22 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 94.79, the price is most likely to continue the downward movement.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8177/0.8168 whereas the lower border goes across 0.8156/0.8168. The pattern width is measured on the chart at 21 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8168 is broken, the price could continue its move toward 0.8183.