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Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDCAD M5. Forecast: if the price breaks above the pattern high at 0.8235, then traders will be able to place a long deal with the target at 0.8250.
Bullish Symmetrical Triangle
According to the chart of M15, NZDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8212/0.8223 whereas the upper border goes across 0.8239/0.8223. 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 NZDCAD will breach the upper border to head for 0.8245.
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Inverse Head and Shoulder
According to the chart of M15, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8227 while the median line of the Neck is found at 0.8204/0.8223. 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 NZDCAD will go towards 0.8249
Head and Shoulders
The NZDCAD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8255, the Neckline and the upward angle are at 0.8225/0.8228. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDCAD will go towards 0.8188.
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of NZDCAD H1. There are weighty reasons to suggest that the price will surpass the Neckline 0.8225/0.8228 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8188.
