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. Description: The lower border is 100.51/100.77 and upper border is 101.05/100.77. The pattern width is measured on the chart at -54 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDJPY breaches the lower border, the price could continue its move toward 100.62.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 101.26 and 100.97 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 101.26 is broken, the price is likely to continue its move by 101.24.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 100.43/100.49 with the upper limit 100.59/100.61; the projection of the width is 16 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 100.43, the price is most likely to continue the downward movement.

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 100.20/99.92 whereas the lower border goes across 99.71/99.92. The pattern width is measured on the chart at 49 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 99.92 is broken, the price could continue its move toward 100.07.

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 99.60 is broken. The further movements will rely on the width of the current pattern 15 points.

On the chart of AUDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 101.14; the lower boundary 100.67; the width of the pattern 47 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 100.37 level.

The Double Top reversal pattern has been formed on AUDJPY M5. Characteristics: the upper boundary 101.09; the lower boundary 100.97; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 100.97 with a possible movements towards the 100.82 level.

The Triple Top pattern has formed on the chart of the AUDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 100.93/101.06 with the upper limit 101.14/101.17; the projection of the width is 21 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 100.93, the price is most likely to continue the downward movement.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 101.07; the lower boundary 100.80; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 100.57 level.

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 100.93 – 100.93 and upper border 101.09 – 101.09. In case the lower border is broken, the instrument is likely to follow the downward trend.