FX.co ★ Patterns NZDCHF | New Zealand Dollar (NZD) to Swiss Franc (CHF) Rate in the Forex market

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5206/0.5211 and upper border is 0.5217/0.5211. The pattern width is measured on the chart at -11 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 0.5196.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5220/0.5212 whereas the lower border goes across 0.5202/0.5212. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5212 is broken, the price could continue its move toward 0.5227.

The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.5211; the lower boundary is 0.5202. The width of the pattern is 10 points. In case of a break of the upper boundary 0.5211, 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 Triple Bottom pattern has formed on the chart of NZDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.5211 with the upper limit 0.5211/0.5207, the projection of the width is 7 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 0.5204, the price is most likely to continue the upward movement.

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 -1, support level -3, and pattern’s width 7. Forecast If the price breaks through the support level 0.5223, it is likely to move further down to 0.5215.

The technical pattern called Head and Shoulders has appeared on the chart of NZDCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.5243/0.5241 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5218.

The Double Top reversal pattern has been formed on NZDCHF M15. Characteristics: the upper boundary 0.5229; the lower boundary 0.5209; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 0.5209 with a possible movements towards the 0.5186 level.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5226; the lower boundary 0.5212; the width of the pattern 14 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5197 level.

According to the chart of M5, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5215 – 0.5215 and upper border 0.5225 – 0.5225. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the NZDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5218; the projection of the flagpole height is equal to 20 pips. In case the price breaks out the pattern’s bottom of 0.5218, the downtrend is expected to continue for further level 0.5196.