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FX.co ★ EURNZD M5: Bearish Pennant

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Technical Analysis Patterns

2026-09-28T04:01:50
Signal strength 1 of 5

EURNZD M5: Bearish Pennant

Bearish PennantThe Bearish Pennant pattern has formed on the EURNZD M5 chart and signals a potential continuation of the existing trend. The pattern low is at 2.0074, and the projected flagpole height is 7 points. If the price breaks below the pattern low at 2.0074, the downtrend is expected to continue toward 2.0059.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by EURNZD