logo

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

EURNZD H1

Double Bottom
The Double Bottom pattern has been formed on EURNZD H1. Characteristics: the support level 1.6411; the resistance level 1.6536; the width of the pattern 125 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 118 points.
2022-12-02

EURNZD M15

Bullish pennant
The Bullish pennant graphic pattern has formed on the EURNZD M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.6538.
2022-12-01

EURNZD M5

Bearish Rectangle
According to the chart of M5, EURNZD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.6417, the lower border is 1.6445. The signal means that a short position should be opened after fixing a price below the lower border 0.0000 of the Bearish Rectangle.
2022-12-01

EURNZD M15

Bearish pennant
The Bearish pennant pattern has formed on the EURNZD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.6456 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2022-12-01

EURNZD M15

Bearish Rectangle
According to the chart of M15, EURNZD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.6474 - 0.0000 and support 1.6505 – 0.0000. In case the resistance level 1.6505 - 0.0000 is broken, the instrument is likely to follow the bearish trend.
2022-12-01

EURNZD M15

Double Bottom
The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 1.6502; the resistance level 1.6533; the width of the pattern 31 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 29 points.
2022-11-30

EURNZD M5

Triple Bottom
The Triple Bottom pattern has been formed on EURNZD M5. It has the following characteristics: resistance level 1.6529/1.6525; support level 1.6505/1.6502; the width is 24 points. In the event of a breakdown of the resistance level of 1.6529, the price is likely to continue an upward movement at least to 1.6517.
2022-11-30

EURNZD M5

Double Bottom
The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.6613; the resistance level 1.6629; the width of the pattern 16 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 17 points.
2022-11-30

EURNZD M5

Bearish pennant
The Bearish pennant pattern has formed on the EURNZD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.6728 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2022-11-29

EURNZD M5

Bullish Rectangle
According to the chart of M5, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.0000 and support 0.0000. In case the resistance level 1.6757 - 0.0000 is broken, the instrument is likely to follow the bullish trend.
2022-11-29