Analize Forex

2020-06-05 Double Top #GOOG M30

The Double Top reversal pattern has been formed on #GOOG M30. Characteristics: the upper boundary 1446.01; the lower boundary 1404.57; the width of the pattern is 4049 points. Sell trades are better to be opened below the lower boundary 1404.57 with a possible movements towards the 1404.27 level.

2020-06-05 Double Top #NTDOY M15

On the chart of #NTDOY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 53.03; the lower boundary 52.69; the width of the pattern 34 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 52.47 level.

2020-06-05 Bearish Symmetrical Triangle NZDUSD M15

According to the chart of M15, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6522/0.6500 and upper border is 0.6479/0.6500. The pattern width is measured on the chart at 43 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDUSD breaches the lower border, the price could continue its move toward 0.

2020-06-05 Triple Bottom NZDJPY M5

The Triple Bottom pattern has formed on the chart of the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 71.38/71.29.