FX.co ★ Patterns NZDUSD | New Zealand Dollar (NZD) to US Dollar (USD) Rate in the Forex market

The Bullish Flag pattern has been formed on the chart NZDUSD M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.5859 may push the price higher, and the rise will be the projection of the pole.

The Triple Top pattern has formed on the chart of the NZDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5873/0.5875 with the upper limit 0.5881/0.5881; the projection of the width is 8 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.5873, the price is most likely to continue the downward movement.

The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5868/0.5866; support level 0.5859/0.5860; the width is 9 points. In the event of a breakdown of the resistance level of 0.5868, the price is likely to continue an upward movement at least to 0.5876.

The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.5894; the lower boundary is 0.5886. The width of the pattern is 9 points. In case of a break of the upper boundary 0.5894, 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.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5885 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on NZDUSD 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 0.5904 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Top reversal pattern has been formed on NZDUSD H1. Characteristics: the upper boundary 0.5923; the lower boundary 0.5899; the width of the pattern is 26 points. Sell trades are better to be opened below the lower boundary 0.5899 with a possible movements towards the 0.5859 level.

The technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.5903/0.5902 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5879.

According to the chart of M30, NZDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.5923 while the median line of the Neck is found at 0.5903/0.5902. 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 NZDUSD will go towards 0.5872.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5900/0.5884 whereas the lower border goes across 0.5871/0.5884. The pattern width is measured on the chart at 29 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5884 is broken, the price could continue its move toward 0.5914.