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

The Double Bottom pattern has formed on the NZDJPY H1 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 87.83. The projected move is based on the pattern width of 33 points.

The Bullish Symmetrical Triangle pattern has formed on the NZDJPY M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 87.88 and 87.69, respectively. The pattern width is 19 points. If the price breaks above the upper boundary at 87.88, it is likely to move toward 87.95.

The Double Top pattern has formed on the NZDJPY M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 88.13 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the NZDJPY M5 chart. Its upper boundary is at 88.29, its lower boundary is at 88.19, and its width is 9 points. A short position may be considered below the lower boundary at 88.19, with a potential target at 88.04.

The Bearish Rectangle has formed on the NZDJPY M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 88.44 and its lower boundary is at 88.28. A short position may be considered once the price closes below the lower boundary at 88.28 of the Bearish Rectangle.