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

According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 93.20 and 92.90 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 30 pips. Outlook: If the upper border 93.20 is broken, the price is likely to continue its move by 93.29.

The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 93.04; the lower boundary is 92.99. The width of the pattern is 5 points. In case of a break of the upper boundary 93.04, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M30, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 93.21/93.11 whereas the lower border goes across 93.03/93.11. The pattern width is measured on the chart at 18 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 93.11 is broken, the price could continue its move toward 93.41.

According to the chart of M30, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.21 and support 93.03. In case the resistance level 93.21 - 93.21 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 93.21/93.11 whereas the lower border goes across 93.02/93.11. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 93.11 is broken, the price could continue its move toward 93.33.

According to the chart of M15, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.21 and support 93.03. In case the resistance level 93.21 - 93.21 is broken, the instrument is likely to follow the bullish trend.

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 93.03 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on NZDJPY M15. Characteristics: the upper boundary 91.01; the lower boundary 90.87; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 90.87 with a possible movements towards the 90.64 level.

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 90.95; the lower boundary 90.71; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 90.71 with a possible movements towards the 90.56 level.

According to the chart of M5, NZDJPY produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 90.88 while the median line of the Neck is set at 91.13/91.10. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDJPY will go towards 91.25.