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

EURNZD M5

Double Bottom
The Double Bottom pattern has been formed on EURNZD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.6705 is broken. The further movements will rely on the width of the current pattern 12 points.
2021-12-06

EURNZD M30

Bullish Rectangle
According to the chart of M30, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.6769, the lower border is 1.6691. The signal means that a long position should be opened above the upper border 1.6769 of the Bullish Rectangle.
2021-12-06

EURNZD H1

Bullish Rectangle
According to the chart of H1, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.6769 and support 1.6691. In case the resistance level 1.6769 - 1.6769 is broken, the instrument is likely to follow the bullish trend.
2021-12-06

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 1.6723, the lower border is 1.6691. The signal means that a short position should be opened after fixing a price below the lower border 1.6691 of the Bearish Rectangle.
2021-12-06

EURNZD M5

Triple Bottom
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 1.6721/1.6707.
2021-12-06

EURNZD M5

Double Bottom
The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.6746; the lower boundary is 1.6723. The width of the pattern is 22 points. In case of a break of the upper boundary 1.6746, 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.
2021-12-05

EURNZD M5

Double Top
The Double Top reversal pattern has been formed on EURNZD M5. Characteristics: the upper boundary 1.6769; the lower boundary 1.6748; the width of the pattern is 20 points. Sell trades are better to be opened below the lower boundary 1.6748 with a possible movements towards the 1.6733 level.
2021-12-03

EURNZD M30

Bearish pennant
The Bearish pennant pattern has formed on the EURNZD M30 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 1.6542, a trader will be able to successfully enter the sell position.
2021-12-02

EURNZD M5

Double Bottom
The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.6609; the lower boundary is 1.6578. The width of the pattern is 32 points. In case of a break of the upper boundary 1.6609, 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.
2021-12-02

EURNZD M5

Double Bottom
The Double Bottom pattern has been formed on EURNZD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.6607 is broken. The further movements will rely on the width of the current pattern 17 points.
2021-12-02