FX.co ★ Patterns NZDUSD | New Zealand Dollar (NZD) to US Dollar (USD) Rate in the Forex market

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6055; the lower boundary 0.6039; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 0.6039 with a possible movements towards the 0.6024 level.

According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.6084 and 0.6017 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 67 pips. Outlook: If the upper border 0.6084 is broken, the price is likely to continue its move by 0.6088.

According to the chart of M30, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.6084/0.6048 whereas the lower border goes across 0.6018/0.6048. The pattern width is measured on the chart at 66 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.6048 is broken, the price could continue its move toward 0.6078.

The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6058 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the NZDUSD M15 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 0.6101.

The Double Top reversal pattern has been formed on NZDUSD H1. Characteristics: the upper boundary 0.6088; the lower boundary 0.6044; the width of the pattern is 40 points. Sell trades are better to be opened below the lower boundary 0.6044 with a possible movements towards the 0.6004 level.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.6088; the lower boundary 0.6080; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.6080 with a possible movements towards the 0.6065 level.

The Double Bottom pattern has been formed on NZDUSD M5. 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 0.6046 is broken. The further movements will rely on the width of the current pattern 7 points.

On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6055; the lower boundary 0.6050; the width of the pattern 5 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.6035 level.

According to the chart of M30, NZDUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.5947 – 0.5947 and upper border 0.5971 – 0.5971. In case the upper border is broken, the instrument is likely to follow the upward trend.