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

The Double Bottom pattern has formed on the NZDCAD H1 chart. Its upper boundary is at 0.7979, its lower boundary is at 0.7961, and its width is 19 points. A break above the upper boundary at 0.7979 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Double Bottom pattern has formed on the NZDCAD M30 chart. Its support is at 0.7960, its resistance is at 0.7979, and its width is 19 points. A break above resistance may confirm a trend reversal, with the first target projected 18 points away.

The Double Bottom pattern has formed on the NZDCAD M15 chart. Its upper boundary is at 0.7979, its lower boundary is at 0.7961, and its width is 19 points. A break above the upper boundary at 0.7979 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Bottom pattern has formed on the NZDCAD M5 chart. A break above the confirmation resistance at 0.7979 may signal a reversal from a downtrend to an uptrend.

The Inverse Head and Shoulders pattern has formed on the NZDCAD M30 chart. The head low is at 0.7948, while the neckline passes through 0.8001/0.7993. The formation of the Inverse Head and Shoulders indicates a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Triple Bottom pattern has formed on the NZDCAD M5 chart. It has the following characteristics: resistance at 0.7990; support at 0.7978; pattern width of 12 points. If the confirmation resistance at 0.7992 is broken, the price is likely to continue upward by at least 7 points.

The Bearish Symmetrical Triangle pattern has formed on the NZDCAD M30 chart. Its lower boundary passes through 0.7984/0.7999, while its upper boundary passes through 0.8011/0.7999. The pattern width is 27 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If NZDCAD breaks below the lower boundary, the price could move toward 0.7969.

The Bearish Pennant pattern has formed on the NZDCAD M15 chart. A break below the pennant low at 0.8016 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Triple Bottom pattern has formed on the NZDCAD M5 chart. It has the following characteristics: resistance at 0.8030; support at 0.8024; pattern width of 6 points. If the confirmation resistance at 0.8033 is broken, the price is likely to continue upward by at least 7 points.

The Bullish Rectangle has formed on the NZDCAD M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 0.8048 and its support is at 0.8029. A breakout above the resistance zone at 0.8048–0.8048 is likely to signal a continuation of the bullish trend.