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

The Triple Top pattern has formed on the chart of the NZDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -2, and pattern’s width 10. Forecast If the price breaks through the support level 0.4784, it is likely to move further down to 0.4777.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4794 and 0.4783 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 11 pips. Outlook: If the upper border 0.4794 is broken, the price is likely to continue its move by 0.4804.

According to the chart of M15, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4790 - 0.0000 and support 0.4776 – 0.4776. In case the resistance level 0.4776 - 0.4776 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.4776 – 0.4776 and upper border 0.4790 – 0.4790. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4804 is likely to encourage a continuation of the downward trend.