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 Rectangle. The pattern indicates a trend continuation. The upper border is 0.4630, the lower border is 0.4623. The signal means that a long position should be opened above the upper border 0.4630 of the Bullish Rectangle.

The Double Bottom pattern has been formed on NZDCHF H1. Characteristics: the support level 0.4592; the resistance level 0.4643; the width of the pattern 51 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 49 points.

The Triple Bottom pattern has formed on the chart of the NZDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.4620/0.4605.

The Triple Bottom pattern has formed on the chart of the NZDCHF M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.4620/0.4605.

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 0.4620 is broken. The further movements will rely on the width of the current pattern 21 points.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDCHF M5. Forecast: if the price breaks above the pattern high at 0.4608, then traders will be able to place a long deal with the target at 0.4623.

The Bullish pennant graphic pattern has formed on the NZDCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.4623.

According to the chart of M5, NZDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.4605 while the median line of the Neck is set at 0.4613/0.4612. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDCHF will go towards 0.4627.

The Bearish Flag pattern has been formed on the chart NZDCHF M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.4608, traders should enter the market.

The Bearish pennant pattern has formed on the NZDCHF M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.4608; the projection of the flagpole height is equal to 12 pips. In case the price breaks out the pattern’s bottom of 0.4608, the downtrend is expected to continue for further level 0.4586.