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

The Triple Bottom pattern has been formed on NZDCHF M5. It has the following characteristics: resistance level 0.4745/0.4741; support level 0.4738/0.4739; the width is 7 points. In the event of a breakdown of the resistance level of 0.4745, the price is likely to continue an upward movement at least to 0.4753.

The Bullish Flag pattern has been formed on the chart NZDCHF M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.4729 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument NZDCHF M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.4729, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4704; the resistance level 0.4707; 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.

According to the chart of M30, NZDCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.4715 and 0.4689 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 26 pips. Outlook: If the upper border 0.4715 is broken, the price is likely to continue its move by 0.4731.

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.