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 the EURNZD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.7989/1.7967.

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 1.7838 is broken. The further movements will rely on the width of the current pattern 18 points.

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.7853; the lower boundary is 1.7820. The width of the pattern is 32 points. In case of a break of the upper boundary 1.7853, 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 1.7782; the resistance level 1.7810; the width of the pattern 28 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 27 points.

The Bearish Flag pattern has been formed on EURNZD at M5. The lower boundary of the pattern is located at 1.7797/1.7807 while the upper boundary lies at 1.7811/1.7821. The projection of the flagpole is 38 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.7797 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURNZD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.7797; the projection of the flagpole height is equal to 38 pips. In case the price breaks out the pattern’s bottom of 1.7797, the downtrend is expected to continue for further level 1.7782.

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 1.7814 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -51 pips.

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 1.7913 is broken, the downward movement will continue.

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 1.7934/1.7901 whereas the lower border goes across 1.7869/1.7901. The pattern width is measured on the chart at 65 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.7901 is broken, the price could continue its move toward 1.7924.

On the chart of the EURNZD M5 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 1.7901, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.