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

On the chart of the NZDCHF M5 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 0.4575, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 6 points.

According to M5, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4561/0.4560 is broken out, the instrument is likely to move toward 0.4575.

According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.4571 while the median line of the Neck is found at 0.4566/0.4566. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCHF will go towards 0.4551.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4503/0.4526 whereas the upper border goes across 0.4543/0.4526. 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 0.4541.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4499/0.4523 and upper border is 0.4556/0.4523. The pattern width is measured on the chart at -57 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 0.4500.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4499/0.4523 and upper border is 0.4555/0.4523. The pattern width is measured on the chart at -56 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 0.4508.

The Bearish pennant pattern has formed on the NZDCHF M30 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.4526; the projection of the flagpole height is equal to 14 pips. In case the price breaks out the pattern’s bottom of 0.4526, the downtrend is expected to continue for further level 0.4496.

The Double Bottom pattern has been formed on NZDCHF H1. 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 0.4560 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 M30; the upper boundary is 0.4560; the lower boundary is 0.4543. The width of the pattern is 17 points. In case of a break of the upper boundary 0.4560, 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 M30, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4567 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -15 pips.