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

According to M15, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5641/0.5645 is broken out, the instrument is likely to move toward 0.5667.

According to the chart of H1, NZDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5656 - 0.0000 and support 0.5626 – 0.5626. In case the resistance level 0.5626 - 0.5626 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5649; the lower boundary is 0.5632. The width of the pattern is 17 points. In case of a break of the upper boundary 0.5649, 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.

According to M15, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5727/0.5727 is broken out, the instrument is likely to move toward 0.5749.

According to M5, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5726/0.5725 is broken out, the instrument is likely to move toward 0.5740.