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

The Bullish pennant signal – Trading instrument NZDCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.5052, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5058 and 0.5019 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 39 pips. Outlook: If the upper border 0.5058 is broken, the price is likely to continue its move by 0.5053.

The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.5127; the lower boundary is 0.5111. The width of the pattern is 16 points. In case of a break of the upper boundary 0.5127, 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.

According to the chart of M5, NZDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5155 – 0.5155 and upper border 0.5166 – 0.5166. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 0.5166/0.5160 whereas the lower border goes across 0.5154/0.5160. The pattern width is measured on the chart at 12 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5160 is broken, the price could continue its move toward 0.5175.

The Bullish pennant pattern is formed on the NZDCHF M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5157, a further uptrend is possible.

The Double Top reversal pattern has been formed on NZDCHF M15. Characteristics: the upper boundary 0.5149; the lower boundary 0.5137; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.5137 with a possible movements towards the 0.5114 level.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5135/0.5141 whereas the upper border goes across 0.5149/0.5141. 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 NZDCHF will breach the upper border to head for 0.5156.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5134/0.5139 whereas the upper border goes across 0.5144/0.5139. 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 NZDCHF will breach the upper border to head for 0.5154.

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 0.5139 is broken, the downward movement will continue.