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

According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4613/0.4630 and upper border is 0.4643/0.4630. The pattern width is measured on the chart at -30 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCHF breaches the lower border, the price could continue its move toward 0.4600.

According to the chart of M15, NZDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.4625 while the median line of the Neck is found at 0.4613/0.4621. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCHF will go towards 0.4647

The Double Bottom pattern has been formed on NZDCHF M5. 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 0.4623 is broken. The further movements will rely on the width of the current pattern 6 points.

The Double Bottom pattern has been formed on NZDCHF M15; the upper boundary is 0.4629; the lower boundary is 0.4626. The width of the pattern is 3 points. In case of a break of the upper boundary 0.4629, 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 Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4626; the resistance level 0.4629; the width of the pattern 3 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 3 points.