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

According to the chart of M15, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5677 is likely to encourage a continuation of the downward trend.

According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5677 is likely to encourage a continuation of the downward trend.

According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5722 and 0.5654 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 68 pips. Outlook: If the upper border 0.5722 is broken, the price is likely to continue its move by 0.5730.

The Double Bottom pattern has been formed on NZDUSD M15. 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 0.5689 is broken. The further movements will rely on the width of the current pattern 8 points.

The Double Top reversal pattern has been formed on NZDUSD M15. Characteristics: the upper boundary 0.5700; the lower boundary 0.5689; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.5689 with a possible movements towards the 0.5666 level.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5708; the lower boundary 0.5699; the width of the pattern is 8 points. Sell trades are better to be opened below the lower boundary 0.5699 with a possible movements towards the 0.5684 level.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5670; the lower boundary 0.5661; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.5661 with a possible movements towards the 0.5646 level.

According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5685/0.5666 whereas the lower border goes across 0.5653/0.5666. The pattern width is measured on the chart at 32 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5666 is broken, the price could continue its move toward 0.5706.

According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5649 and 0.5635 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 14 pips. Outlook: If the upper border 0.5649 is broken, the price is likely to continue its move by 0.5658.

The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5653; the lower boundary 0.5648; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 0.5648 with a possible movements towards the 0.5633 level.