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

The Head and Shoulders pattern has formed on the EURNZD M5 chart. The head high is at 1.9836, while the neckline passes through 1.9813/1.9815. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Triple Bottom pattern has formed on the EURNZD D1 chart. A break above the confirmation resistance at 1.9851 may signal a reversal from a downtrend to an uptrend.

The Bullish Rectangle has formed on the EURNZD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.9842 and its lower boundary is at 1.9819. A long position may be considered after the price breaks above the upper boundary at 1.9842 of the Bullish Rectangle.

The Bullish Symmetrical Triangle pattern has formed on the EURNZD M30 chart. Its lower boundary passes through 1.9762/1.9827, while its upper boundary passes through 1.9874/1.9827. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURNZD is expected to break the upper boundary and move toward 1.9857.

The Bullish Symmetrical Triangle pattern has formed on the EURNZD M15 chart. Its lower boundary passes through 1.9757/1.9832, while its upper boundary passes through 1.9910/1.9832. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURNZD is expected to break the upper boundary and move toward 1.9855.

The Head and Shoulders pattern has formed on the EURNZD M5 chart. The head high is at 1.9874, while the neckline passes through 1.9832/1.9827. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Bullish Rectangle has formed on the EURNZD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.9580–1.9580 and the upper boundary at 1.9590–1.9590. A breakout above the upper boundary is likely to signal a continuation of the uptrend.

The Triple Bottom pattern has formed on the chart of EURNZD D1. The lower boundary is at 1.9509, while the upper boundary is at 1.9851/1.9803. The projected width is 299 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.9851 is broken, the price is likely to continue upward.

The Double Top pattern has formed on the EURNZD M30 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.9679 is likely to confirm further downward movement.

The Bullish Symmetrical Triangle pattern has formed on the EURNZD M5 chart. Its lower boundary passes through 1.9714/1.9733, while its upper boundary passes through 1.9747/1.9733. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURNZD is expected to break the upper boundary and move toward 1.9748.