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The Double Bottom pattern has been formed on NZDCHF M5. 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 0.4623 is broken. The further movements will rely on the width of the current pattern 6 points.

The Double Bottom pattern has been formed on NZDCHF M15; the upper boundary is 0.4629; the lower boundary is 0.4626. The width of the pattern is 3 points. In case of a break of the upper boundary 0.4629, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on NZDCHF M5. Characteristics: the support level 0.4626; the resistance level 0.4629; the width of the pattern 3 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 3 points.

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 0.4666/0.4665 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.4650.

According to the chart of M15, NZDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.4678/0.4670 whereas the lower border goes across 0.4664/0.4670. The pattern width is measured on the chart at 14 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.4670 is broken, the price could continue its move toward 0.4692.