FX.co ★ Patterns NZDCHF | New Zealand Dollar (NZD) to Swiss Franc (CHF) Rate in the Forex market

The Triple Bottom pattern has formed on the chart of NZDCHF H1. Features of the pattern: The lower line of the pattern has coordinates 0.4565 with the upper limit 0.4565/0.4557, the projection of the width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.4548, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4565; the lower boundary is 0.4548. The width of the pattern is 17 points. In case of a break of the upper boundary 0.4565, 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. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.4565 is broken. The further movements will rely on the width of the current pattern 17 points.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4548; the resistance level 0.4565; the width of the pattern 17 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 17 points.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4575; the lower boundary is 0.4548. The width of the pattern is 27 points. In case of a break of the upper boundary 0.4575, 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 H1, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4594/0.4611 whereas the upper border goes across 0.4625/0.4611. 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 0.4651.

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 0.4603 is broken, the downward movement will continue.

The NZDCHF M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.4625, the Neckline and the upward angle are at 0.4613/0.4614. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDCHF will go towards 0.4599.

The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4607; the lower boundary 0.4602; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.4602 with a possible movements towards the 0.4587 level.

The Triple Top pattern has formed on the chart of the NZDCHF M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.4594/0.4602 with the upper limit 0.4608/0.4608; the projection of the width is 14 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.4594, the price is most likely to continue the downward movement.