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

The Triple Top pattern has formed on the chart of the AUDJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -4, support level -5, and pattern’s width 16. Forecast If the price breaks through the support level 96.58, it is likely to move further down to 96.56.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 96.85/96.64 whereas the lower border goes across 96.47/96.64. The pattern width is measured on the chart at 38 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 96.64 is broken, the price could continue its move toward 96.79.

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 96.61 is broken, the downward movement will continue.

The Bearish Flag pattern has been formed on AUDJPY at M5. The lower boundary of the pattern is located at 97.02/97.06 while the upper boundary lies at 97.06/97.10. The projection of the flagpole is 10 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 97.02 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the AUDJPY M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 97.02, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 97.46; the resistance level 97.63; the width of the pattern 17 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 18 points.

According to the chart of M30, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 97.97, the lower border is 97.30. The signal means that a short position should be opened after fixing a price below the lower border 97.30 of the Bearish Rectangle.

According to the chart of H1, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 97.97, the lower border is 97.30. The signal means that a short position should be opened after fixing a price below the lower border 97.30 of the Bearish Rectangle.

According to the chart of H1, AUDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 97.30 – 97.30 and upper border 97.97 – 97.97. In case the lower border is broken, the instrument is likely to follow the downward trend.

The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 97.71/97.74 after the right shoulder has been formed. So, the trend is set to change with the price heading for 97.59.