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

The Double Bottom pattern has been formed on NZDUSD 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 0.5926 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5955; the lower boundary is 0.5934. The width of the pattern is 20 points. In case of a break of the upper boundary 0.5955, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5943/0.5943 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5928.

The Triple Bottom pattern has formed on the chart of the NZDUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5888/0.5886.

According to M30, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5860/0.5861 is broken out, the instrument is likely to move toward 0.5891.