FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Double Bottom pattern has been formed on EURNZD M30. Characteristics: the support level 1.8167; the resistance level 1.8198; the width of the pattern 31 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 30 points.

The Bearish pennant pattern has formed on the NZDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 85.74; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 85.74, the downtrend is expected to continue for further level 85.59.

The Bearish pennant pattern has formed on the AUDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 95.03; the projection of the flagpole height is equal to 24 pips. In case the price breaks out the pattern’s bottom of 95.03, the downtrend is expected to continue for further level 94.88.

The Triple Bottom pattern has formed on the chart of AUDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 0.9058 with the upper limit 0.9058/0.9054, the projection of the width is 13 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9045, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on EURNZD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.8198 is broken. The further movements will rely on the width of the current pattern 31 points.