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

The Triple Top pattern has formed on the chart of the NZDCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.4609/0.4610 with the upper limit 0.4616/0.4615; the projection of the width is 7 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.4609, the price is most likely to continue the downward movement.

According to the chart of M5, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4612, the lower border is 0.4603. The signal means that a long position should be opened above the upper border 0.4612 of the Bullish Rectangle.

According to the chart of H1, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4592/0.4602 whereas the upper border goes across 0.4610/0.4602. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDCHF will breach the upper border to head for 0.4642.

On the chart of NZDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4608; the lower boundary 0.4598; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4575 level.

The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4598 is broken, the downward movement will continue.