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

The Triple Bottom pattern has formed on the chart of EURNZD M5. Features of the pattern: The lower line of the pattern has coordinates 1.7839 with the upper limit 1.7839/1.7832, the projection of the width is 20 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 1.7819, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.7819;the resistance level 1.7839; the width of the pattern 20 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 19 points.

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 1.7911 is broken. The further movements will rely on the width of the current pattern 38 points.

According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.7843 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -104 pips.

The Bearish pennant pattern has formed on the EURNZD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.7885 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.7938; the lower boundary is 1.7922. The width of the pattern is 16 points. In case of a break of the upper boundary 1.7938, 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 M15, EURNZD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.7990/1.7966 whereas the lower border goes across 1.7949/1.7966. The pattern width is measured on the chart at 41 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.7966 is broken, the price could continue its move toward 1.7989.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.7983;the lower boundary 1.7955; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.7940 level.

The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.7939;the resistance level 1.7947; the width of the pattern 8 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 9 points.

According to the chart of H1, EURNZD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.7891 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -167 pips.