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

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.9499 and 1.9472 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 27 pips. Outlook: If the upper border 1.9499 is broken, the price is likely to continue its move by 1.9503.

The Bullish Flag pattern has been formed on EURNZD at M5. The lower boundary of the pattern is located at 1.9532/1.9526, while the higher boundary lies at 1.9538/1.9532. The projection of the flagpole is 19 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.9538 is broken, the price will move further upwards.

The Bullish pennant pattern is formed on the EURNZD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.9538, a further uptrend is possible.

The Triple Bottom pattern has formed on the chart of EURNZD M15. Features of the pattern: The lower line of the pattern has coordinates 1.9551 with the upper limit 1.9551/1.9538, the projection of the width is 30 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 1.9521, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9551; the lower boundary 1.9541; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.9541 with a possible movements towards the 1.9526 level.