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

The Inverse Head and Shoulders pattern has formed on the NZDUSD M15 chart. The head low is at 0.5946, while the neckline passes through 0.5955/0.5954. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Symmetrical Triangle pattern has formed on the NZDUSD M5 chart. A break below the lower boundary at 0.5963 is likely to signal a continuation of the downtrend.

The Triple Bottom pattern has formed on the chart of NZDUSD M5. The lower boundary is at 0.5963, while the upper boundary is at 0.5973/0.5972. The projected width is 9 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.5973 is broken, the price is likely to continue upward.

The Head and Shoulders pattern has formed on the NZDUSD M15 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 0.5970/0.5970 may confirm the bearish reversal.

The Triple Top pattern has formed on the chart of NZDUSD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 0.5969 may confirm the bearish scenario. The projected peak-to-trough width is 9 points.