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

The Double Bottom pattern has been formed on NZDJPY M30. 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 88.56 is broken. The further movements will rely on the width of the current pattern 39 points.

The NZDJPY H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 89.16, the Neckline and the upward angle are at 88.46/88.55. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDJPY will go towards 88.15.

According to the chart of M30, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 89.16 while the median line of the Neck is found at 88.46/88.55. 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 NZDJPY will go towards 88.25.

The NZDJPY M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 89.16, the Neckline and the upward angle are at 88.46/88.55. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDJPY will go towards 88.32.

The NZDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 89.16, the Neckline and the upward angle are at 88.92/88.93. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of NZDJPY will go towards 88.78.

The Double Bottom pattern has been formed on NZDJPY M30. 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 88.18 is broken. The further movements will rely on the width of the current pattern 29 points.

The Bearish pennant pattern has formed on the NZDJPY M15 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 88.46, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on the chart NZDJPY M15 which signals that the downward trend will continue. If the price breaks below the low at 88.46, 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 Double Bottom pattern has been formed on NZDJPY 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 88.65 is broken. The further movements will rely on the width of the current pattern 16 points.

According to the chart of M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 88.95 while the median line of the Neck is found at 88.74/88.76. 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 NZDJPY will go towards 88.61.