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

The EURNZD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.8891, the Neckline and the upward angle are at 1.8812/1.8824. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURNZD will go towards 1.8801.

According to the chart of M5, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8891 and support 1.8862. In case the resistance level 1.8891 - 1.8891 is broken, the instrument is likely to follow the bullish trend.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8891; the lower boundary 1.8862; the width of the pattern 29 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8847 level.

According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8771/1.8817 and upper border is 1.8875/1.8817. The pattern width is measured on the chart at -104 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 1.8802.

On the chart of EURNZD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8846; the lower boundary 1.8820; the width of the pattern 26 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8805 level.

According to the chart of M5, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8802 and support 1.8781. In case the resistance level 1.8802 - 1.8802 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.8545/1.8637 and upper border is 1.8708/1.8637. The pattern width is measured on the chart at -163 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 1.8622.

According to the chart of M5, EURNZD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.8594 and support 1.8583. In case the resistance level 1.8594 - 1.8594 is broken, the instrument is likely to follow the bullish trend.

The Bullish pennant pattern is formed on the EURNZD M30 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.8588, a further uptrend is possible.

The Bullish pennant pattern is formed on the EURNZD H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.8588, a further uptrend is possible.