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

The Double Bottom pattern has been formed on NZDCAD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.8215 is broken. The further movements will rely on the width of the current pattern 13 points.

On the chart of NZDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8271; the lower boundary 0.8263; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8248 level.

The Bullish Flag pattern has been formed on the chart NZDCAD M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.8271 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the NZDCAD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.8286.

The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8263 is broken, the downward movement will continue.

The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8257 is broken, the downward movement will continue.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8296/0.8301 whereas the upper border goes across 0.8306/0.8301. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDCAD will breach the upper border to head for 0.8316.

The Bearish Flag pattern has been formed on NZDCAD at M5. The lower boundary of the pattern is located at 0.8295/0.8301 while the upper boundary lies at 0.8299/0.8305. The projection of the flagpole is 17 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.8295 is broken, the price will move further downwards.

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 0.8295; the projection of the flagpole height is equal to 17 pips. In case the price breaks out the pattern’s bottom of 0.8295, the downtrend is expected to continue for further level 0.8280.

According to the chart of M30, NZDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8279/0.8300 and upper border is 0.8330/0.8300. The pattern width is measured on the chart at -51 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 NZDCAD breaches the lower border, the price could continue its move toward 0.8270.