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

The Double Bottom pattern has been formed on NZDCAD M15. Characteristics: the support level 0.8177; the resistance level 0.8185; the width of the pattern 8 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 8 points.

The Triple Bottom pattern has been formed on NZDCAD M5. It has the following characteristics: resistance level 0.8185/0.8181; support level 0.8177/0.8177; the width is 8 points. In the event of a breakdown of the resistance level of 0.8185, the price is likely to continue an upward movement at least to 0.8193.

According to the chart of H1, NZDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8131 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -131 pips.

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 0.8204 is broken, the downward movement will continue.

According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8196 while the median line of the Neck is found at 0.8131/0.8180. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8226

According to the chart of M5, NZDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8196 while the median line of the Neck is found at 0.8187/0.8187. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8172.

The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8227; the resistance level 0.8242; 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.

The Double Bottom pattern has been formed on NZDCAD M5; the upper boundary is 0.8263; the lower boundary is 0.8234. The width of the pattern is 28 points. In case of a break of the upper boundary 0.8263, 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 M30, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8216/0.8242 whereas the upper border goes across 0.8269/0.8242. 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 NZDCAD will breach the upper border to head for 0.8272.

According to the chart of M5, NZDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8219 while the median line of the Neck is found at 0.8208/0.8209. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8194.