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

On the chart of the EURNZD H1 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.9023, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 55 points.

The Triple Top pattern has formed on the chart of the EURNZD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -17, support level -1, and pattern’s width 55. Forecast If the price breaks through the support level 1.9023, it is likely to move further down to 1.9049.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9084; the lower boundary 1.9051; the width of the pattern 33 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9036 level.

According to the chart of H1, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9023 – 1.9023 and upper border 1.9079 – 1.9079. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9023 – 1.9023 and upper border 1.9078 – 1.9078. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of EURNZD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9079; the lower boundary 1.9023; the width of the pattern 56 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8983 level.

On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9075; the lower boundary 1.9023; the width of the pattern 52 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.9001 level.

The Double Top reversal pattern has been formed on EURNZD M30. Characteristics: the upper boundary 1.9078; the lower boundary 1.9023; the width of the pattern is 52 points. Sell trades are better to be opened below the lower boundary 1.9023 with a possible movements towards the 1.8993 level.

The Bullish Flag pattern has been formed on the chart EURNZD M30 which signals that the upward trend will continue. Signals: а break of the peak at 1.9083 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant graphic pattern has formed on the EURNZD M30 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 1.9113.