FX.co ★ Patterns NZDCAD | New Zealand Dollar (NZD) to Canadian Dollar (CAD) Rate in the Forex market
NZDCAD M15
Bearish Rectangle
The Bearish Rectangle has formed on the NZDCAD M15 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8179–0.8179 and the upper boundary at 0.8189–0.8189. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
NZDCAD M15
Head and Shoulders
The Head and Shoulders pattern has formed on the NZDCAD M15 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 0.8181/0.8184 may confirm the bearish reversal.
NZDCAD M5
Bullish Rectangle
The Bullish Rectangle has formed on the NZDCAD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8211–0.8211 and the upper boundary at 0.8220–0.8220. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
NZDCAD M30
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the NZDCAD M30 chart. Its lower boundary passes through 0.8197/0.8213, while its upper boundary passes through 0.8224/0.8213. 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 0.8183.
NZDCAD M5
Double Bottom
The Double Bottom pattern has formed on the NZDCAD M5 chart. Its upper boundary is at 0.8210, its lower boundary is at 0.8203, and its width is 7 points. A break above the upper boundary at 0.8210 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
NZDCAD M15
Double Bottom
The Double Bottom pattern has formed on the NZDCAD M15 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 0.8239. The projected move is based on the pattern width of 12 points.
NZDCAD M5
Triple Top
The Triple Top pattern has formed on the chart of the NZDCAD M5 trading instrument. It is a reversal pattern with resistance at 0.8269/0.8263, support at 0.8252/0.8257, and a width of 17 points. A break below the confirmation support at 0.8252 may signal further downward movement.
NZDCAD H1
Bullish Rectangle
The Bullish Rectangle has formed on the NZDCAD H1 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 0.8235 and its support is at 0.8214. A breakout above the resistance zone at 0.8235–0.8235 is likely to signal a continuation of the bullish trend.
NZDCAD M30
Bullish Rectangle
The Bullish Rectangle has formed on the NZDCAD M30 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8214–0.8214 and the upper boundary at 0.8235–0.8235. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
NZDCAD H1
Bullish Rectangle
The Bullish Rectangle has formed on the NZDCAD H1 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 0.8235 and its support is at 0.8214. A breakout above the resistance zone at 0.8235–0.8235 is likely to signal a continuation of the bullish trend.
