Scanning for chart patterns
Automatically identify trading opportunities by analyzing chart and Fibonacci patterns real time. Save up to $99.75!NZD/CHF continues to fall inside daily Triangle chart pattern identified by Autochartist.
Autochartist rates the overall Quality of this Triangle at the 7 bar level which reflects the low Initial Trend (3 bars), strong Uniformity (7 bars) and maximum Clarity (10 bars). High Clarity of this chart pattern reflects even price action which increases the visibility of this Triangle to the traders. Point A on the chart below was formed when the NZD/CHF turned down from the multi-year resistance level 0.8000.
The price has recently reversed down (at B) from the 50% Fibonacci Correction of the previous A to D downward impulse of this Triangle – which signaled the completion of the ABC correction to the A to D price impulse.
NZD/CHF is expected to continue to decline in the nearest time.
The following weekly NZD/CHF chart demonstrates the longer-term picture of this pair’s movement:
