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 0.4742 is broken, the downward movement will continue.

On the chart of the NZDCHF M15 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 0.4731, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.

According to the chart of M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4714 and support 0.4709. In case the resistance level 0.4714 - 0.4714 is broken, the instrument is likely to follow the bullish trend.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4714; the lower boundary 0.4709; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4694 level.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4703; the lower boundary 0.4698; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4683 level.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4695 is likely to encourage a continuation of the downward trend.

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 0.4703 - 0.0000 and support 0.4695 – 0.4695. In case the resistance level 0.4695 - 0.4695 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on NZDCHF M30; the upper boundary is 0.4706; the lower boundary is 0.4700. The width of the pattern is 6 points. In case of a break of the upper boundary 0.4706, 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 M30. Characteristics: the support level 0.4696; the resistance level 0.4712; the width of the pattern 16 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 NZDCHF M15. Characteristics: the support level 0.4696; the resistance level 0.4712; the width of the pattern 16 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.