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

The Bearish Flag pattern has been formed on the chart AUDJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 90.01, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).

The Bearish pennant pattern has formed on the AUDJPY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 90.01 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.

The Bullish pennant pattern is formed on the AUDJPY M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 91.06, a further uptrend is possible.

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 90.26/90.45 with the upper limit 90.76/90.82; the projection of the width is 50 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 90.26, the price is most likely to continue the downward movement.

The Bullish Flag pattern has been formed on AUDJPY at M15. The lower boundary of the pattern is located at 90.77/90.59, while the higher boundary lies at 90.99/90.81. The projection of the flagpole is 40 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 90.99 is broken, the price will move further upwards.

The Bullish pennant graphic pattern has formed on the AUDJPY M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 91.21.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 90.32; the resistance level 90.62; the width of the pattern 30 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 31 points.

According to the chart of H1, AUDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 91.35 and 90.50 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 85 pips. Outlook: If the upper border 91.35 is broken, the price is likely to continue its move by 91.40.

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 91.35/91.01 whereas the lower border goes across 90.50/91.01. The pattern width is measured on the chart at 85 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 91.01 is broken, the price could continue its move toward 91.24.

On the chart of the AUDJPY M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 89.51, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 124 points.