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

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8227/0.8235 whereas the upper border goes across 0.8246/0.8235. 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 0.8250.

According to the chart of M5, NZDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8245 is likely to encourage a continuation of the downward trend.

The technical pattern called Head and Shoulders has appeared on the chart of NZDCAD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.8316/0.8317 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8302.

According to the chart of M30, NZDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8303 – 0.8303 and upper border 0.8318 – 0.8318. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 0.8318 and support 0.8303. In case the resistance level 0.8318 - 0.8318 is broken, the instrument is likely to follow the bullish trend.

On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8318; the lower boundary 0.8303; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8273 level.

The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8309 is broken, the downward movement will continue.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8308/0.8312 whereas the upper border goes across 0.8315/0.8312. 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 0.8327.

The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8296 is broken, the downward movement will continue.

According to the chart of M5, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8303 and support 0.8296. In case the resistance level 0.8303 - 0.8303 is broken, the instrument is likely to follow the bullish trend.