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

According to M5, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4648/0.4648 is broken out, the instrument is likely to move toward 0.4663.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4662/0.4655 whereas the lower border goes across 0.4645/0.4655. The pattern width is measured on the chart at 17 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4655 is broken, the price could continue its move toward 0.4678.

The Double Top pattern has been formed on NZDCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4636 is broken, the downward movement will continue.

According to the chart of M5, NZDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.4637 – 0.4637 and upper border 0.4643 – 0.4643. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Top pattern has formed on the chart of the NZDCHF M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.4609/0.4610 with the upper limit 0.4616/0.4615; the projection of the width is 7 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 0.4609, the price is most likely to continue the downward movement.

According to the chart of M5, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4612, the lower border is 0.4603. The signal means that a long position should be opened above the upper border 0.4612 of the Bullish Rectangle.

According to the chart of H1, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4592/0.4602 whereas the upper border goes across 0.4610/0.4602. 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 0.4642.

On the chart of NZDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4608; the lower boundary 0.4598; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4575 level.

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 0.4598 is broken, the downward movement will continue.

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 0.4594 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -20 pips.