FX.co ★ Patterns AUDJPY | Australian Dollar (AUD) to Japanese Yen (JPY) Rate in the Forex market

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 112.63 and 112.46 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 17 pips. Outlook: If the upper border 112.63 is broken, the price is likely to continue its move by 112.71.

According to the chart of M15, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 112.40 – 112.40 and upper border 112.54 – 112.54. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, AUDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 112.40 – 112.40 and upper border 112.54 – 112.54. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant signal – Trading instrument AUDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 110.51, with the prospect of the next move being a projection of the flagpole height.

The Triple Bottom pattern has formed on the chart of the AUDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 110.01/109.99.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 109.91/109.96 and upper border is 110.03/109.96. The pattern width is measured on the chart at -12 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 AUDJPY breaches the lower border, the price could continue its move toward 109.81.

The Double Top pattern has been formed on AUDJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 110.10 is broken, the downward movement will continue.

On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 110.28; the lower boundary 110.10; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 109.80 level.

The Double Bottom pattern has been formed on AUDJPY 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 109.43 is broken. The further movements will rely on the width of the current pattern 8 points.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 109.43; the resistance level 109.93; the width of the pattern 50 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 50 points.