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

According to the chart of M30, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9916 – 1.9916 and upper border 1.9983 – 1.9983. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on EURNZD D1. Characteristics: the support level 1.9496; the resistance level 1.9851; the width of the pattern 355 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 342 points.

According to the chart of M30, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9983 and support 1.9916. In case the resistance level 1.9983 - 1.9983 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.9983 and support 1.9916. In case the resistance level 1.9983 - 1.9983 is broken, the instrument is likely to follow the bullish trend.

The Bearish pennant pattern has formed on the EURNZD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.9795; the projection of the flagpole height is equal to 80 pips. In case the price breaks out the pattern’s bottom of 1.9795, the downtrend is expected to continue for further level 1.9772.

The Triple Bottom pattern has been formed on EURNZD M15. It has the following characteristics: resistance level 1.9952/1.9937; support level 1.9897/1.9896; the width is 55 points. In the event of a breakdown of the resistance level of 1.9952, the price is likely to continue an upward movement at least to 1.9923.

The Double Bottom pattern has been formed on EURNZD M30; the upper boundary is 1.9952; the lower boundary is 1.9901. The width of the pattern is 55 points. In case of a break of the upper boundary 1.9952, 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 Top pattern has formed on the chart of the EURNZD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 2.0019/2.0020 with the upper limit 2.0036/2.0039; the projection of the width is 17 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 2.0019, the price is most likely to continue the downward movement.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0039; the lower boundary 2.0020; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2.0005 level.

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 2.0005/2.0001.