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

The Double Bottom pattern has been formed on NZDUSD M5. Characteristics: the support level 0.6030; the resistance level 0.6048; the width of the pattern 18 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 18 points.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6068/0.6045 whereas the lower border goes across 0.6016/0.6045. The pattern width is measured on the chart at 52 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6045 is broken, the price could continue its move toward 0.6075.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDUSD M5. Forecast: if the price breaks above the pattern high at 0.6048, then traders will be able to place a long deal with the target at 0.6063.

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 0.6047/0.6052 with the upper limit 0.6060/0.6057; 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 0.6047, the price is most likely to continue the downward movement.

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 0.6027/0.6047 with the upper limit 0.6060/0.6059; the projection of the width is 33 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 0.6027, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.6061; the lower boundary 0.6052; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.6052 with a possible movements towards the 0.6029 level.

According to the chart of M5, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6061 and support 0.6051. In case the resistance level 0.6061 - 0.6061 is broken, the instrument is likely to follow the bullish trend.

According to the chart of H1, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.6028 – 0.6028 and upper border 0.6056 – 0.6056. 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 0.6034 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the NZDUSD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.5993, a further uptrend is possible.