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

The Triple Bottom pattern has formed on the chart of the NZDUSD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.5890/0.5887.

The NZDUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.5915, the Neckline and the upward angle are at 0.5898/0.5898. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDUSD will go towards 0.5875.

The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5809/0.5800; support level 0.5789/0.5792; the width is 20 points. In the event of a breakdown of the resistance level of 0.5809, the price is likely to continue an upward movement at least to 0.5805.

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5809; the lower boundary is 0.5790. The width of the pattern is 20 points. In case of a break of the upper boundary 0.5809, 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 Bearish pennant pattern has formed on the NZDUSD M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5784 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.