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

NZDUSD M5

Bearish pennant
The Bearish pennant pattern has formed on the NZDUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.6048; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 0.6048, the downtrend is expected to continue for further level 0.6033.
2023-05-26

NZDUSD M5

Double Top
The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6078; the lower boundary 0.6059; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 0.6059 with a possible movements towards the 0.6044 level.
2023-05-26

NZDUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.6039/0.6051 and upper border is 0.6061/0.6051. The pattern width is measured on the chart at -22 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDUSD breaches the lower border, the price could continue its move toward 0.6036.
2023-05-25

NZDUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6071 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -26 pips.
2023-05-25

NZDUSD M5

Bearish Flag
The Bearish Flag pattern has been formed on the chart NZDUSD M5 which signals that the downward trend will continue. If the price breaks below the low at 0.6099, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).
2023-05-24

NZDUSD M5

Bearish pennant
The Bearish pennant pattern has formed on the NZDUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.6099, a trader will be able to successfully enter the sell position.
2023-05-24

NZDUSD M30

Bearish Symmetrical Triangle
According to the chart of M30, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6229 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -30 pips.
2023-05-24

NZDUSD M15

Bearish Symmetrical Triangle
According to the chart of M15, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.6229 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -31 pips.
2023-05-24

NZDUSD M5

Bullish Rectangle
According to the chart of M5, NZDUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.6258, the lower border is 0.6245. The signal means that a long position should be opened above the upper border 0.6258 of the Bullish Rectangle.
2023-05-23

NZDUSD M5

Double Bottom
The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.6276; the lower boundary is 0.6267. The width of the pattern is 8 points. In case of a break of the upper boundary 0.6276, 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.
2023-05-23