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

The Double Bottom pattern has been formed on EURNZD D1. Characteristics: the support level 1.9496; the resistance level 1.9851; the width of the pattern 355 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 342 points.

The Triple Top pattern has formed on the chart of the EURNZD H1 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -11, and pattern’s width 41. Forecast If the price breaks through the support level 1.9750, it is likely to move further down to 1.9756.

According to the chart of M5, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9796, the lower border is 1.9783. The signal means that a long position should be opened above the upper border 1.9796 of the Bullish Rectangle.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9795; the lower boundary 1.9783; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9768 level.

The Double Top pattern has been formed on EURNZD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9589 is broken, the downward movement will continue.