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

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 96.95 is broken. The further movements will rely on the width of the current pattern 14 points.

The AUDJPY M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 97.37, the Neckline and the upward angle are at 97.06/97.10. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDJPY will go towards 96.88.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 97.28 is broken, the downward movement will continue.

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 97.27/97.16 whereas the lower border goes across 97.01/97.16. The pattern width is measured on the chart at 26 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 97.16 is broken, the price could continue its move toward 97.39.

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 97.08, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on AUDJPY M5; the upper boundary is 96.84; the lower boundary is 96.77. The width of the pattern is 7 points. In case of a break of the upper boundary 96.84, 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 M15, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 97.24 while the median line of the Neck is found at 96.89/96.87. 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 AUDJPY will go towards 96.64.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 96.71 and 96.58 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 13 pips. Outlook: If the upper border 96.71 is broken, the price is likely to continue its move by 96.80.

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 96.49 – 96.49 and upper border 96.60 – 96.60. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 96.60; the lower boundary 96.49; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 96.49 with a possible movements towards the 96.26 level.