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 Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 112.16 is likely to encourage a continuation of the downward trend.

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 112.73 and 112.04 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 69 pips. Outlook: If the upper border 112.73 is broken, the price is likely to continue its move by 112.54.

According to the chart of M5, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 112.75 while the median line of the Neck is found at 112.66/112.67. 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 112.52.

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

According to the chart of M5, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 111.10 – 111.10 and upper border 111.37 – 111.37. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDJPY M15. 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 112.16 is broken. The further movements will rely on the width of the current pattern 21 points.

According to the chart of M5, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 111.93 – 111.93 and upper border 112.16 – 112.16. In case the lower border is broken, the instrument is likely to follow the downward trend.

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 111.56 is broken, the downward movement will continue.

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 111.44 is broken, the downward movement will continue.

According to the chart of M30, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 111.09/111.49 whereas the upper border goes across 111.94/111.49. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 111.79.