FX.co ★ Patterns NZDUSD | New Zealand Dollar (NZD) to US Dollar (USD) Rate in the Forex market

According to the chart of M5, NZDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5900 – 0.5900 and upper border 0.5913 – 0.5913. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Top pattern has formed on the chart of the NZDUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -3, support level -5, and pattern’s width 18. Forecast If the price breaks through the support level 0.5920, it is likely to move further down to 0.5918.

The Double Top pattern has been formed on NZDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5918 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the NZDUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.5917/0.5925 with the upper limit 0.5930/0.5932; the projection of the width is 13 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 0.5917, the price is most likely to continue the downward movement.

According to the chart of M5, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5892 – 0.5892 and upper border 0.5910 – 0.5910. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5894 is broken, the downward movement will continue.

The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5894 is broken, the downward movement will continue.

The Triple Bottom pattern has been formed on NZDUSD M5. It has the following characteristics: resistance level 0.5858/0.5855; support level 0.5846/0.5843; the width is 12 points. In the event of a breakdown of the resistance level of 0.5858, the price is likely to continue an upward movement at least to 0.5861.

The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.5846; the resistance level 0.5858; the width of the pattern 12 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 12 points.

The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5852 is broken, the downward movement will continue.