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

According to M5, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4632/0.4631 is broken out, the instrument is likely to move toward 0.4646.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4641; the lower boundary 0.4632; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4617 level.

According to the chart of M15, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4644, the lower border is 0.4631. The signal means that a short position should be opened after fixing a price below the lower border 0.4631 of the Bearish Rectangle.

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 0.4644 - 0.0000 and support 0.4631 – 0.4631. In case the resistance level 0.4631 - 0.4631 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4631; the resistance level 0.4644; the width of the pattern 13 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 13 points.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4661; the lower boundary 0.4655; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4640 level.

The Triple Bottom pattern has formed on the chart of the NZDCHF H1 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.4673/0.4657.

According to M5, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4657/0.4656 is broken out, the instrument is likely to move toward 0.4671.

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 0.4690 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4675/0.4680 whereas the upper border goes across 0.4687/0.4680. 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 0.4695.