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

According to the chart of M5, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5340/0.5350 whereas the upper border goes across 0.5357/0.5350. 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 0.5365.

The Triple Top pattern has formed on the chart of the NZDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -8, and pattern’s width 19. Forecast If the price breaks through the support level 0.5324, it is likely to move further down to 0.5330.

On the chart of NZDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5387; the lower boundary 0.5376; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5346 level.

The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.5387; the lower boundary is 0.5370. The width of the pattern is 17 points. In case of a break of the upper boundary 0.5387, 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.

The Double Top reversal pattern has been formed on NZDCHF M30. Characteristics: the upper boundary 0.5386; the lower boundary 0.5375; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.5375 with a possible movements towards the 0.5345 level.

According to the chart of M15, NZDCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.5361/0.5371 and upper border is 0.5382/0.5371. The pattern width is measured on the chart at -21 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDCHF breaches the lower border, the price could continue its move toward 0.5349.

The Double Bottom pattern has been formed on NZDCHF D1; the upper boundary is 0.5674; the lower boundary is 0.5443. The width of the pattern is 243 points. In case of a break of the upper boundary 0.5674, 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.

The Triple Bottom pattern has formed on the chart of NZDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.5475 with the upper limit 0.5475/0.5468, the projection of the width is 9 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 0.5466, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.5466; the resistance level 0.5475; the width of the pattern 9 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 9 points.

On the chart of NZDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5498; the lower boundary 0.5471; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5456 level.