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The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8316; the lower boundary 0.8308; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.8308 with a possible movements towards the 0.8293 level.

The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8278; the lower boundary 0.8268; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.8268 with a possible movements towards the 0.8253 level.

The Double Bottom pattern has been formed on NZDCAD 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 0.8262 is broken. The further movements will rely on the width of the current pattern 24 points.

The Double Top pattern has been formed on NZDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8276 is broken, the downward movement will continue.

According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8314/0.8304 whereas the lower border goes across 0.8294/0.8304. The pattern width is measured on the chart at 20 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8304 is broken, the price could continue its move toward 0.8319.