FX.co ★ Patterns EURNZD | Euro (EUR) to New Zealand Dollar (NZD) Rate in the Forex market

The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 1.7901; the resistance level 1.7932; the width of the pattern 31 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 29 points.

The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.7927; the resistance level 1.7934; the width of the pattern 7 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 7 points.

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.7932; the lower boundary is 1.7927. The width of the pattern is 5 points. In case of a break of the upper boundary 1.7932, 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 Triple Bottom pattern has formed on the chart of the EURNZD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.7965/1.7925.

According to the chart of M15, EURNZD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.7901 is likely to encourage a continuation of the downward trend.

The Bullish Flag pattern has been formed on the chart EURNZD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.7994 may push the price higher, and the rise will be the projection of the pole.

According to M5, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.7981/1.7982 is broken out, the instrument is likely to move toward 1.7997.

The Double Bottom pattern has been formed on EURNZD 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 1.7984 is broken. The further movements will rely on the width of the current pattern 12 points.

The Triple Bottom pattern has been formed on EURNZD M5. It has the following characteristics: resistance level 1.8000/1.7988; support level 1.7981/1.7975; the width is 19 points. In the event of a breakdown of the resistance level of 1.8000, the price is likely to continue an upward movement at least to 1.7995.

The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.7981; the resistance level 1.8000; the width of the pattern 19 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 20 points.