Markets › NZD/USD › Double bottom
Forex · chart pattern
Double bottom on NZD/USD
On NZD/USD the double bottom showed up 34 times. The target came first 41% of the time, the stop 53%, and 6% went nowhere within 12 candles.
Counted on NZD/USD: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 7 | 43% | 43% | 14% |
| Hourly | 27 | 41% | 56% | 4% |
NZD/USD against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| NZD/USD | 34 | 41% | 53% | 6% |
| All Forex charts | 303 | 38% | 55% | 6% |
| Every market | 4,672 | 37% | 57% | 6% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2020 | 3 | 67% | 33% |
| 2024 | 3 | 0% | 100% |
| 2025 | 13 | 46% | 46% |
| 2026 | 11 | 45% | 55% |
The last 8 times
- 20 Jul 2026, 07:00 UTC · hourly · stop first after 2 candles
- 2 Jul 2026, 08:00 UTC · hourly · stop first after 1 candle
- 30 Jun 2026, 09:00 UTC · hourly · target first after 4 candles
- 25 Jun 2026, 15:00 UTC · hourly · stop first after 2 candles
- 20 May 2026, 14:00 UTC · hourly · target first after 1 candle
- 20 May 2026, 10:00 UTC · hourly · stop first after 4 candles
- 27 Apr 2026, 00:00 UTC · hourly · target first after 3 candles
- 24 Apr 2026, 15:00 UTC · hourly · stop first after 6 candles
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
What the double bottom is
Two lows at the same level, then a break above the peak between them.
Jump on a trampoline and you sink to the same low spot twice, but the second push sends you higher than before. A double bottom looks like the letter W: two lows at the same level with a hill between them. When price climbs above that hill, the W is complete.
The full double bottom lesson, video and quiz ›
Other patterns on NZD/USD
Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI oversold bounce · all of them
The double bottom elsewhere
EUR/JPY · USD/CHF · GBP/JPY · USD/JPY · EUR/GBP · AUD/USD · USD/CAD · Ethereum · Bitcoin
Questions
How often does the double bottom work on NZD/USD?
In 34 cases on NZD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 53%; 6% went nowhere within 12 candles.
What is the double bottom?
Two lows at the same level, then a break above the peak between them.