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

According to H1, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.8948/1.8962 is broken out, the instrument is likely to move toward 1.9002.

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.8948 and 1.8870 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 78 pips. Outlook: If the upper border 1.8948 is broken, the price is likely to continue its move by 1.8930.

According to the chart of M15, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8907/1.8932 and upper border is 1.8965/1.8932. The pattern width is measured on the chart at -58 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURNZD breaches the lower border, the price could continue its move toward 1.8909.

According to the chart of M30, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8907/1.8932 and upper border is 1.8965/1.8932. The pattern width is measured on the chart at -58 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURNZD breaches the lower border, the price could continue its move toward 1.8902.

According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.8920 is likely to encourage a continuation of the downward trend.

According to the chart of M5, EURNZD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.8921 – 1.8921 and upper border 1.8931 – 1.8931. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M15, EURNZD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.8933 – 1.8933 and upper border 1.8970 – 1.8970. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on EURNZD M15; the upper boundary is 1.8970; the lower boundary is 1.8933. The width of the pattern is 35 points. In case of a break of the upper boundary 1.8970, 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; the upper boundary is 1.9062; the lower boundary is 1.8989. The width of the pattern is 73 points. In case of a break of the upper boundary 1.9062, 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.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8961; the lower boundary 1.8953; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8938 level.