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

The Bearish Pennant pattern has formed on the NZDCHF M5 chart. A break below the pennant low at 0.4630 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Bullish Symmetrical Triangle pattern has formed on the NZDCHF M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 0.4662/0.4652, while its lower boundary passes through 0.4645/0.4652. The pattern width is 17 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 0.4652 could send the price toward 0.4667.

The Double Bottom pattern has formed on the NZDCHF M5 chart. Its support is at 0.4647, its resistance is at 0.4665, and its width is 18 points. A break above resistance may confirm a trend reversal, with the first target projected 18 points away.

The Double Top reversal pattern has formed on the NZDCHF M15 chart. Its upper boundary is at 0.4702, its lower boundary is at 0.4696, and its width is 6 points. A break below the lower boundary is likely to confirm further downward movement toward 0.4674.

The Double Top pattern has formed on the NZDCHF M15 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.4675 is likely to confirm further downward movement.