FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top reversal pattern has formed on the NZDUSD M30 chart. Its upper boundary is at 0.5864, its lower boundary is at 0.5843, and its width is 21 points. A short position may be considered below the lower boundary at 0.5843, with a potential target at 0.5813.

The Double Bottom pattern has formed on the NZDUSD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.5860. The projected move is based on the pattern width of 4 points.

The Inverse Head and Shoulders pattern has formed on the NZDUSD M15 chart. The head low is at 0.5946, while the neckline passes through 0.5955/0.5954. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Symmetrical Triangle pattern has formed on the NZDUSD M5 chart. A break below the lower boundary at 0.5963 is likely to signal a continuation of the downtrend.

The Triple Bottom pattern has formed on the chart of NZDUSD M5. The lower boundary is at 0.5963, while the upper boundary is at 0.5973/0.5972. The projected width is 9 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.5973 is broken, the price is likely to continue upward.