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

The Bearish pennant pattern has formed on the EURNZD M5 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 2.0055, a trader will be able to successfully enter the sell position.

According to the chart of M15, EURNZD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0070/2.0085 whereas the upper border goes across 2.0101/2.0085. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURNZD will breach the upper border to head for 2.0108.

The Double Bottom pattern has been formed on EURNZD D1; the upper boundary is 1.9851; the lower boundary is 1.9509. The width of the pattern is 355 points. In case of a break of the upper boundary 1.9851, 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.

The Double Bottom pattern has been formed on EURNZD D1; the upper boundary is 1.9851; the lower boundary is 1.9509. The width of the pattern is 355 points. In case of a break of the upper boundary 1.9851, 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.

The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 2.0004; the resistance level 2.0018; the width of the pattern 14 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 15 points.

According to M5, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 2.0065/2.0062 is broken out, the instrument is likely to move toward 2.0077.

The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 2.0072; the lower boundary is 2.0036. The width of the pattern is 35 points. In case of a break of the upper boundary 2.0072, 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.

The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 2.0037; the resistance level 2.0072; the width of the pattern 35 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 36 points.

The Double Bottom pattern has been formed on EURNZD M15. Characteristics: the support level 2.0055; the resistance level 2.0069; the width of the pattern 14 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 15 points.

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 2.0069; the lower boundary is 2.0054. The width of the pattern is 14 points. In case of a break of the upper boundary 2.0069, 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.