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

On the chart of the NZDCHF M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.4649, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 points.

The Double Top pattern has been formed on NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4649 is broken, the downward movement will continue.

According to the chart of H1, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4589, the lower border is 0.4580. The signal means that a long position should be opened above the upper border 0.4589 of the Bullish Rectangle.

According to the chart of M15, NZDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.4580 – 0.4580 and upper border 0.4589 – 0.4589. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4589, the lower border is 0.4580. The signal means that a long position should be opened above the upper border 0.4589 of the Bullish Rectangle.

According to the chart of M5, NZDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4575 - 0.0000 and support 0.4571 – 0.4571. In case the resistance level 0.4571 - 0.4571 is broken, the instrument is likely to follow the bearish trend.

The Double Bottom pattern has been formed on NZDCHF M30. 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 0.4582 is broken. The further movements will rely on the width of the current pattern 12 points.

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 0.4582 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.4584 – 0.4584 and upper border 0.4590 – 0.4590. In case the lower border is broken, the instrument is likely to follow the downward trend.

On the chart of NZDCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.4588; the lower boundary 0.4580; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.4540 level.