FX.co ★ Patterns NZDJPY | New Zealand Dollar (NZD) to Japanese Yen (JPY) Rate in the Forex market

On the chart of the NZDJPY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 90.45, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 34 points.

The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 90.55 is broken, the downward movement will continue.

On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 90.83; the lower boundary 90.55; the width of the pattern 28 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.40 level.

According to the chart of M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 90.04 while the median line of the Neck is found at 89.78/89.81. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 89.66.

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 89.59 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -46 pips.

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 89.68 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -27 pips.

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 89.59 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -42 pips.

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 89.81; the lower boundary 89.59; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 89.59 with a possible movements towards the 89.44 level.

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0631 is broken, the downward movement will continue.

On the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5799; the lower boundary 0.5787; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5764 level.