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

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 0.4819 is broken, the downward movement will continue.

According to the chart of M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4637/0.4673 and upper border is 0.4713/0.4673. The pattern width is measured on the chart at -76 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 0.4643.

The Double Bottom pattern has been formed on NZDCHF 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 0.4693 is broken. The further movements will rely on the width of the current pattern 46 points.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4696; the lower boundary is 0.4678. The width of the pattern is 19 points. In case of a break of the upper boundary 0.4696, 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 Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4774; the resistance level 0.4784; the width of the pattern 10 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 9 points.

According to the chart of H1, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4706 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -187 pips.

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 0.4757 – 0.4757 and upper border 0.4779 – 0.4779. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4778; the lower boundary 0.4760; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4745 level.

The Double Bottom pattern has been formed on NZDCHF M30. 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 0.4779 is broken. The further movements will rely on the width of the current pattern 76 points.

On the chart of the NZDCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.4761, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 13 points.