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

The Double Bottom pattern has been formed on NZDCHF H1. Characteristics: the support level 0.4917; the resistance level 0.4981; the width of the pattern 64 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 61 points.

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 0.4909 is broken. The further movements will rely on the width of the current pattern 8 points.

The Double Top pattern has been formed on NZDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4911 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4922; the lower boundary 0.4911; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.4911 with a possible movements towards the 0.4896 level.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4874; the lower boundary is 0.4857. The width of the pattern is 17 points. In case of a break of the upper boundary 0.4874, 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.