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; the upper boundary is 0.5758; the lower boundary is 0.5753. The width of the pattern is 6 points. In case of a break of the upper boundary 0.5758, 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.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5774/0.5769 whereas the lower border goes across 0.5762/0.5769. The pattern width is measured on the chart at 12 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5769 is broken, the price could continue its move toward 0.5784.

According to the chart of H1, NZDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5775 and support 0.5753. In case the resistance level 0.5775 - 0.5775 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5753 – 0.5753 and upper border 0.5775 – 0.5775. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of NZDUSD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5774; the lower boundary 0.5756; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5716 level.

The Double Top pattern has been formed on NZDUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5734 is broken, the downward movement will continue.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5739; the lower boundary 0.5718; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5695 level.

The technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.5720/0.5723 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5708.

According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5715 while the median line of the Neck is found at 0.5706/0.5709. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDUSD will go towards 0.5730

The Double Bottom pattern has been formed on NZDUSD M5; the upper boundary is 0.5721; the lower boundary is 0.5717. The width of the pattern is 4 points. In case of a break of the upper boundary 0.5721, 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.