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Actual patterns
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the NZDUSD M5 chart. A break below the lower boundary at 0.5576 is likely to signal a continuation of the downtrend.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the NZDUSD M15 chart. A break below the lower boundary at 0.5576 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 39 points.
Double Bottom
The Double Bottom pattern has formed on the NZDUSD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.5607. The projected move is based on the pattern width of 6 points.
Double Bottom
The Double Bottom pattern has formed on the NZDUSD M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.5638. The projected move is based on the pattern width of 35 points.
Triple Bottom
The Triple Bottom pattern has formed on the NZDUSD M5 chart. It has the following characteristics: resistance at 0.5611; support at 0.5603; pattern width of 8 points. If the confirmation resistance at 0.5613 is broken, the price is likely to continue upward by at least 12 points.