FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of H1, NZDCHF formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4653, the lower border is 0.4626. The signal means that a long position should be opened above the upper border 0.4653 of the Bullish Rectangle.

According to the chart of M5, NZDCHF formed the Head and Shoulders pattern. The Head’s top is set at 0.4653 while the median line of the Neck is found at 0.4638/0.4640. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCHF will go towards 0.4625.

According to the chart of M30, NZDCHF formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.4605, the lower border is 0.4591. The signal means that a short position should be opened after fixing a price below the lower border 0.4591 of the Bearish Rectangle.

According to the chart of H1, NZDCHF formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.4592 – 0.4592 and upper border 0.4620 – 0.4620. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M30, NZDCHF formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.4615 while the median line of the Neck is found at 0.4599/0.4606. 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 NZDCHF will go towards 0.4645