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

The Triple Top pattern has formed on the chart of the EURNZD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.8420/1.8428 with the upper limit 1.8439/1.8436; the projection of the width is 19 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 1.8420, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.8437; the lower boundary 1.8390; the width of the pattern is 49 points. Sell trades are better to be opened below the lower boundary 1.8390 with a possible movements towards the 1.8375 level.

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.8425/1.8416 whereas the lower border goes across 1.8403/1.8416. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.8416 is broken, the price could continue its move toward 1.8431.

According to the chart of M5, EURNZD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.8379 while the median line of the Neck is found at 1.8341/1.8368. 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 EURNZD will go towards 1.8394

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.8314; the lower boundary 1.8296; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 1.8296 with a possible movements towards the 1.8281 level.

According to the chart of M5, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.8329, the lower border is 1.8302. The signal means that a long position should be opened above the upper border 1.8329 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on EURNZD H1. Characteristics: the upper boundary 1.8232; the lower boundary 1.8152; the width of the pattern is 80 points. Sell trades are better to be opened below the lower boundary 1.8152 with a possible movements towards the 1.8112 level.

The Double Top pattern has been formed on EURNZD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8152 is broken, the downward movement will continue.

The Double Top pattern has been formed on EURNZD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.8194 is broken, the downward movement will continue.

According to the chart of M15, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.8194 – 1.8194 and upper border 1.8216 – 1.8216. In case the upper border is broken, the instrument is likely to follow the upward trend.