FX.co ★ Patterns NZDCAD | New Zealand Dollar (NZD) to Canadian Dollar (CAD) Rate in the Forex market

The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.8175/0.8168; support level 0.8162/0.8157; the width is 13 points. In the event of a breakdown of the resistance level of 0.8175, the price is likely to continue an upward movement at least to 0.8175.

According to the chart of M15, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8221 and support 0.8192. In case the resistance level 0.8221 - 0.8221 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8192 – 0.8192 and upper border 0.8221 – 0.8221. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on NZDCAD M15. Characteristics: the upper boundary 0.8221; the lower boundary 0.8193; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 0.8193 with a possible movements towards the 0.8170 level.

The Triple Bottom pattern has formed on the chart of the NZDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8154/0.8151.

The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -4, support level -8, and pattern’s width 9. Forecast If the price breaks through the support level 0.8211, it is likely to move further down to 0.8208.

The Triple Bottom pattern has formed on the chart of the NZDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8161/0.8157.

According to the chart of M15, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8172 and 0.8152 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 0.8172 is broken, the price is likely to continue its move by 0.8184.

The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8162 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on NZDCAD M30. Characteristics: the support level 0.8149; the resistance level 0.8192; the width of the pattern 43 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 41 points.