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

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDJPY M15. Forecast: if the price breaks above the pattern high at 94.09, then traders will be able to place a long deal with the target at 94.32.

The Bullish pennant signal – Trading instrument NZDJPY M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 94.09, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 93.48; the lower boundary 93.43; the width of the pattern is 6 points. Sell trades are better to be opened below the lower boundary 93.43 with a possible movements towards the 93.28 level.

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 93.33/93.34 with the upper limit 93.47/93.48; the projection of the width is 14 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 93.33, the price is most likely to continue the downward movement.

On the chart of the NZDJPY M5 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 93.89, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 29 points.

According to the chart of M5, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 94.17, the lower border is 94.06. The signal means that a long position should be opened above the upper border 94.17 of the Bullish Rectangle.

On the chart of the NZDJPY M5 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 94.06, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 94.16; the lower boundary 94.06; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 94.06 with a possible movements towards the 93.91 level.

The Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 94.54; the lower boundary 94.44; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 94.44 with a possible movements towards the 94.29 level.

The Double Top reversal pattern has been formed on NZDJPY M15. Characteristics: the upper boundary 94.14; the lower boundary 93.93; the width of the pattern is 22 points. Sell trades are better to be opened below the lower boundary 93.93 with a possible movements towards the 93.71 level.