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 Bearish Symmetrical Triangle pattern. Description: The lower border is 0.4613/0.4630 and upper border is 0.4643/0.4630. The pattern width is measured on the chart at -30 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 0.4600.

According to the chart of M15, NZDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.4625 while the median line of the Neck is found at 0.4613/0.4621. 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 0.4647

The Double Bottom pattern has been formed on NZDCHF M5. 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 0.4623 is broken. The further movements will rely on the width of the current pattern 6 points.

The Double Bottom pattern has been formed on NZDCHF M15; the upper boundary is 0.4629; the lower boundary is 0.4626. The width of the pattern is 3 points. In case of a break of the upper boundary 0.4629, 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 Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4626; the resistance level 0.4629; the width of the pattern 3 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 3 points.

The technical pattern called Head and Shoulders has appeared on the chart of NZDCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.4666/0.4665 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.4650.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4678/0.4670 whereas the lower border goes across 0.4664/0.4670. The pattern width is measured on the chart at 14 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4670 is broken, the price could continue its move toward 0.4692.

The Bullish Flag pattern has been formed on NZDCHF at M5. The lower boundary of the pattern is located at 0.4671/0.4669, while the higher boundary lies at 0.4673/0.4671. The projection of the flagpole is 7 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.4673 is broken, the price will move further upwards.

The Bullish pennant signal – Trading instrument NZDCHF M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.4673, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M15, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4612 and support 0.4602. In case the resistance level 0.4612 - 0.4612 is broken, the instrument is likely to follow the bullish trend.