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 0.4650 is broken, the downward movement will continue.

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 0.4618 is broken, the downward movement will continue.

According to the chart of M15, NZDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.4593 while the median line of the Neck is set at 0.4611/0.4611. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDCHF will go towards 0.4633.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4593 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -14 pips.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4593 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4594; the resistance level 0.4607; 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 14 points.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4602; the lower boundary is 0.4593. The width of the pattern is 8 points. In case of a break of the upper boundary 0.4602, 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 M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4599/0.4606 and upper border is 0.4613/0.4606. The pattern width is measured on the chart at -14 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 0.4591.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4615/0.4631 whereas the upper border goes across 0.4649/0.4631. 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 0.4654.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4657; the lower boundary 0.4652; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4637 level.