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

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4804 is likely to encourage a continuation of the downward trend.

According to the chart of M5, NZDCHF formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.4804 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -10 pips.

The Bullish pennant graphic pattern has formed on the NZDCHF H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.4868.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4824 and 0.4815 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 9 pips. Outlook: If the upper border 0.4824 is broken, the price is likely to continue its move by 0.4834.

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.4806/0.4812 whereas the upper border goes across 0.4816/0.4812. 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 0.4827.

According to the chart of M15, NZDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.4827 while the median line of the Neck is found at 0.4808/0.4823. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCHF will go towards 0.4850

According to the chart of M5, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4821, the lower border is 0.4813. The signal means that a short position should be opened after fixing a price below the lower border 0.4813 of the Bearish Rectangle.

According to M15, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4831/0.4829 is broken out, the instrument is likely to move toward 0.4852.

The Double Bottom pattern has been formed on NZDCHF M15. Characteristics: the support level 0.4828; the resistance level 0.4845; 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.

According to the chart of H1, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4810 is likely to encourage a continuation of the downward trend.