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

On the chart of the NZDUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.5967, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.

The Triple Bottom pattern has formed on the chart of NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.5994 with the upper limit 0.5994/0.5953, the projection of the width is 62 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.5932, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5959/0.5957; support level 0.5947/0.5951; the width is 12 points. In the event of a breakdown of the resistance level of 0.5959, the price is likely to continue an upward movement at least to 0.5966.

The Bearish Flag pattern has been formed on the chart NZDUSD M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.5947, traders should enter the market.

The Bearish pennant pattern has formed on the NZDUSD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.5947, a trader will be able to successfully enter the sell position.