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

According to the chart of M30, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 93.12, the lower border is 92.70. The signal means that a long position should be opened above the upper border 93.12 of the Bullish Rectangle.

According to the chart of M15, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 92.70 – 92.70 and upper border 93.12 – 93.12. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on NZDJPY M15. Characteristics: the upper boundary 93.11; the lower boundary 92.70; the width of the pattern is 42 points. Sell trades are better to be opened below the lower boundary 92.70 with a possible movements towards the 92.47 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 0.6058 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the NZDUSD M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.6101.