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

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.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.0042; the lower boundary 2.0027; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 2.0012 level.

The Double Bottom pattern has been formed on EURNZD D1. 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 1.9851 is broken. The further movements will rely on the width of the current pattern 355 points.

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.

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.9971; the lower boundary is 1.9956. The width of the pattern is 15 points. In case of a break of the upper boundary 1.9971, 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 M30, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0020, the lower border is 1.9999. The signal means that a long position should be opened above the upper border 2.0020 of the Bullish Rectangle.

According to the chart of M15, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 2.0020, the lower border is 1.9999. The signal means that a long position should be opened above the upper border 2.0020 of the Bullish Rectangle.

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.