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Bullish pennant
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 0.5563, with the prospect of the next move being a projection of the flagpole height.
Head and Shoulders
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 0.5538/0.5537 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5522.
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Bearish pennant
The Bearish pennant pattern has formed on the NZDCHF M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5508 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
Bullish Symmetrical Triangle
According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5456/0.5462 whereas the upper border goes across 0.5467/0.5462. 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 NZDCHF will breach the upper border to head for 0.5484.
Bullish Symmetrical Triangle
According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5456/0.5462 whereas the upper border goes across 0.5467/0.5462. 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 NZDCHF will breach the upper border to head for 0.5484.
