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

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9393; the lower boundary 1.9365; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 1.9365 with a possible movements towards the 1.9350 level.

The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.9040; the lower boundary is 1.8979. The width of the pattern is 62 points. In case of a break of the upper boundary 1.9040, 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 EURNZD M5; the upper boundary is 1.9040; the lower boundary is 1.8979. The width of the pattern is 62 points. In case of a break of the upper boundary 1.9040, 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 EURNZD M15. Characteristics: the support level 1.8984; the resistance level 1.9126; the width of the pattern 142 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 148 points.

On the chart of the EURNZD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.8979, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 61 points.

The Triple Top pattern has formed on the chart of the EURNZD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -14, and pattern’s width 61. Forecast If the price breaks through the support level 1.8979, it is likely to move further down to 1.9027.

On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9042; the lower boundary 1.8979; the width of the pattern 63 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8957 level.

On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8934; the lower boundary 1.8902; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8879 level.

The Triple Bottom pattern has formed on the chart of EURNZD M15. Features of the pattern: The lower line of the pattern has coordinates 1.8817 with the upper limit 1.8817/1.8811, the projection of the width is 18 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.8799, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of EURNZD M5. Features of the pattern: The lower line of the pattern has coordinates 1.8811 with the upper limit 1.8811/1.8807, the projection of the width is 15 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.8796, the price is most likely to continue the upward movement.