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The NZDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.4625, the Neckline and the upward angle are at 0.4613/0.4614. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDCHF will go towards 0.4599.

The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4607; the lower boundary 0.4602; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.4602 with a possible movements towards the 0.4587 level.

The Triple Top pattern has formed on the chart of the NZDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.4594/0.4602 with the upper limit 0.4608/0.4608; the projection of the width is 14 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 0.4594, the price is most likely to continue the downward movement.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4591/0.4602 and upper border is 0.4610/0.4602. The pattern width is measured on the chart at -19 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 NZDCHF breaches the lower border, the price could continue its move toward 0.4579.

The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4591 is broken, the downward movement will continue.

According to the chart of M15, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4591 and support 0.4576. In case the resistance level 0.4591 - 0.4591 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, NZDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.4562 while the median line of the Neck is set at 0.4593/0.4589. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDCHF will go towards 0.4619.

The Bearish pennant pattern has formed on the NZDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.4561 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4602; the resistance level 0.4613; the width of the pattern 11 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 10 points.

The Triple Top pattern has formed on the chart of the NZDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -4, and pattern’s width 7. Forecast If the price breaks through the support level 0.4617, it is likely to move further down to 0.4610.