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

The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4745/0.4741; support level 0.4738/0.4739; the width is 7 points. In the event of a breakdown of the resistance level of 0.4745, the price is likely to continue an upward movement at least to 0.4753.

The Bullish Flag pattern has been formed on the chart NZDCHF M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.4729 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument NZDCHF M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.4729, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4704; the resistance level 0.4707; 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.

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4715 and 0.4689 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 26 pips. Outlook: If the upper border 0.4715 is broken, the price is likely to continue its move by 0.4731.