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

The Double Bottom pattern has been formed on NZDUSD M30; the upper boundary is 0.5919; the lower boundary is 0.5868. The width of the pattern is 50 points. In case of a break of the upper boundary 0.5919, 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.

The Double Top pattern has been formed on NZDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5880 is broken, the downward movement will continue.

The Double Top pattern has been formed on NZDUSD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5873 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the NZDUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5873/0.5880 with the upper limit 0.5894/0.5895; the projection of the width is 21 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 0.5873, the price is most likely to continue the downward movement.

According to the chart of H1, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5834 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47 pips.