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

According to the chart of M30, NZDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.4614 – 0.4614 and upper border 0.4624 – 0.4624. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of NZDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4624; the lower boundary 0.4602; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4562 level.

According to the chart of M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4620 and support 0.4615. In case the resistance level 0.4620 - 0.4620 is broken, the instrument is likely to follow the bullish trend.

According to the chart of H1, NZDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.4583 is likely to encourage a continuation of the downward trend.

According to M15, NZDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.4600/0.4601 is broken out, the instrument is likely to move toward 0.4624.

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 0.4595 is broken. The further movements will rely on the width of the current pattern 7 points.

According to the chart of M15, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4595, the lower border is 0.4588. The signal means that a short position should be opened after fixing a price below the lower border 0.4588 of the Bearish Rectangle.

The Double Bottom pattern has been formed on NZDCHF M15. 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 0.4595 is broken. The further movements will rely on the width of the current pattern 7 points.

The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4595/0.4591; support level 0.4588/0.4589; the width is 7 points. In the event of a breakdown of the resistance level of 0.4595, the price is likely to continue an upward movement at least to 0.4604.

The Double Bottom pattern has been formed on NZDCHF H1; the upper boundary is 0.4643; the lower boundary is 0.4628. The width of the pattern is 15 points. In case of a break of the upper boundary 0.4643, 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.