FX.co ★ Patterns NZDCAD | New Zealand Dollar (NZD) to Canadian Dollar (CAD) Rate in the Forex market

The Triple Top pattern has formed on the chart of the NZDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8242/0.8246 with the upper limit 0.8252/0.8250; the projection of the width is 10 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.8242, the price is most likely to continue the downward movement.

The Bearish Flag pattern has been formed on the chart NZDCAD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.8247, traders should enter the market.

The Bearish pennant pattern has formed on the NZDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8247; the projection of the flagpole height is equal to 15 pips. In case the price breaks out the pattern’s bottom of 0.8247, the downtrend is expected to continue for further level 0.8232.

On the chart of the NZDCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.8264, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.

On the chart of the NZDCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.8264, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8256; the lower boundary is 0.8246. The width of the pattern is 10 points. In case of a break of the upper boundary 0.8256, 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.

The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8284; the lower boundary 0.8275; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.8275 with a possible movements towards the 0.8260 level.

The technical pattern called Head and Shoulders has appeared on the chart of NZDCAD M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.8273/0.8274 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8252.

The Triple Bottom pattern has formed on the chart of NZDCAD M30. Features of the pattern: The lower line of the pattern has coordinates 0.8251 with the upper limit 0.8251/0.8250, the projection of the width is 12 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 0.8239, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8254; the lower boundary is 0.8247. The width of the pattern is 7 points. In case of a break of the upper boundary 0.8254, 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.