FX.co ★ Patterns NZDCAD | New Zealand Dollar (NZD) to Canadian Dollar (CAD) Rate in the Forex market

On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8133; the lower boundary 0.8116; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8086 level.

The NZDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8133, the Neckline and the upward angle are at 0.8122/0.8123. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDCAD will go towards 0.8108.

On the chart of NZDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8083; the lower boundary 0.8034; the width of the pattern 49 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8012 level.

The Double Bottom pattern has been formed on NZDCAD D1. 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 0.8087 is broken. The further movements will rely on the width of the current pattern 171 points.

The Double Bottom pattern has been formed on NZDCAD M5. Characteristics: the support level 0.8034; the resistance level 0.8058; the width of the pattern 24 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 24 points.

The Double Bottom pattern has been formed on NZDCAD D1. 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 0.8087 is broken. The further movements will rely on the width of the current pattern 171 points.

The Double Bottom pattern has been formed on NZDCAD D1. 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 0.8087 is broken. The further movements will rely on the width of the current pattern 171 points.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8110 and 0.8076 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 34 pips. Outlook: If the upper border 0.8110 is broken, the price is likely to continue its move by 0.8106.

According to the chart of M15, NZDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8085 while the median line of the Neck is found at 0.8069/0.8068. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8045.

The Double Bottom pattern has been formed on NZDCAD D1. Characteristics: the support level 0.7916; the resistance level 0.8087; the width of the pattern 171 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 168 points.