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

On the chart of EURNZD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9079; the lower boundary 1.9023; the width of the pattern 56 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8983 level.

On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9075; the lower boundary 1.9023; the width of the pattern 52 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9001 level.

The Double Top reversal pattern has been formed on EURNZD M30. Characteristics: the upper boundary 1.9078; the lower boundary 1.9023; the width of the pattern is 52 points. Sell trades are better to be opened below the lower boundary 1.9023 with a possible movements towards the 1.8993 level.

The Bullish Flag pattern has been formed on the chart EURNZD M30 which signals that the upward trend will continue. Signals: а break of the peak at 1.9083 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the EURNZD M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.9113.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9026; the lower boundary 1.9002; the width of the pattern 24 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8987 level.

The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.9087; the lower boundary 1.9067; the width of the pattern is 22 points. Sell trades are better to be opened below the lower boundary 1.9067 with a possible movements towards the 1.9052 level.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9084; the lower boundary 1.9056; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9041 level.

The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.9057; the lower boundary is 1.9027. The width of the pattern is 29 points. In case of a break of the upper boundary 1.9057, 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 been formed on EURNZD M5. It has the following characteristics: resistance level 1.9096/1.9057; support level 1.9029/1.9028; the width is 67 points. In the event of a breakdown of the resistance level of 1.9096, the price is likely to continue an upward movement at least to 1.9045.