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

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 92.00 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 92.35; the lower boundary is 92.24. The width of the pattern is 12 points. In case of a break of the upper boundary 92.35, 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.

The Double Bottom pattern has been formed on NZDJPY M30; the upper boundary is 92.37; the lower boundary is 92.03. The width of the pattern is 33 points. In case of a break of the upper boundary 92.37, 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.

The Double Bottom pattern has been formed on NZDJPY M15; the upper boundary is 92.37; the lower boundary is 92.03. The width of the pattern is 33 points. In case of a break of the upper boundary 92.37, 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.

The Bearish pennant pattern has formed on the NZDJPY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 92.65 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.07; the lower boundary 92.99; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 92.84 level.

The Double Bottom pattern has been formed on NZDJPY M30; the upper boundary is 93.39; the lower boundary is 93.14. The width of the pattern is 23 points. In case of a break of the upper boundary 93.39, 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.

The Triple Bottom pattern has formed on the chart of NZDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 93.39 with the upper limit 93.39/93.30, the projection of the width is 23 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 93.16, the price is most likely to continue the upward movement.

According to the chart of M5, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 93.39, the lower border is 93.16. The signal means that a short position should be opened after fixing a price below the lower border 93.16 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of NZDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 93.39 with the upper limit 93.39/93.27, the projection of the width is 22 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 93.17, the price is most likely to continue the upward movement.