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 Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4754, the lower border is 0.4746. The signal means that a long position should be opened above the upper border 0.4754 of the Bullish Rectangle.

According to the chart of M30, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4762, the lower border is 0.4692. The signal means that a short position should be opened after fixing a price below the lower border 0.4692 of the Bearish Rectangle.

On the chart of NZDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4755; the lower boundary 0.4712; the width of the pattern 43 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4690 level.

According to M30, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4755/0.4755 is broken out, the instrument is likely to move toward 0.4785.

According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4734 - 0.0000 and support 0.4723 – 0.4723. In case the resistance level 0.4723 - 0.4723 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4724; the resistance level 0.4739; the width of the pattern 15 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 16 points.

According to the chart of M5, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4795, the lower border is 0.4774. The signal means that a short position should be opened after fixing a price below the lower border 0.4774 of the Bearish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4774; the resistance level 0.4794; the width of the pattern 20 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 18 points.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4788; the resistance level 0.4805; the width of the pattern 17 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 18 points.

The Double Top pattern has been formed on NZDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4633 is broken, the downward movement will continue.