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

The Double Top reversal pattern has been formed on NZDCHF M5. Characteristics: the upper boundary 0.4600; the lower boundary 0.4592; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.4592 with a possible movements towards the 0.4577 level.

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4587/0.4596 whereas the upper border goes across 0.4605/0.4596. 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 0.4626.

The technical pattern called Head and Shoulders has appeared on the chart of NZDCHF M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.4592/0.4594 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.4572.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4599/0.4594 whereas the lower border goes across 0.4590/0.4594. The pattern width is measured on the chart at 9 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4594 is broken, the price could continue its move toward 0.4609.

According to the chart of M15, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4600 and support 0.4591. In case the resistance level 0.4600 - 0.4600 is broken, the instrument is likely to follow the bullish trend.

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 0.4594/0.4596 with the upper limit 0.4599/0.4598; the projection of the width is 5 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.

According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4585 - 0.0000 and support 0.4582 – 0.4582. In case the resistance level 0.4582 - 0.4582 is broken, the instrument is likely to follow the bearish trend.

According to the chart of H1, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4590 - 0.0000 and support 0.4573 – 0.4573. In case the resistance level 0.4573 - 0.4573 is broken, the instrument is likely to follow the bearish trend.

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 0.4573 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -18 pips.

The Triple Bottom pattern has formed on the chart of NZDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.4597 with the upper limit 0.4597/0.4590, the projection of the width is 11 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 0.4586, the price is most likely to continue the upward movement.