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

On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 92.73; the lower boundary 92.65; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 92.50 level.

The Bullish Flag pattern has been formed on the chart NZDJPY M15 which signals that the upward trend will continue. Signals: а break of the peak at 92.74 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 92.12/92.31 and upper border is 92.58/92.31. The pattern width is measured on the chart at -46 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 NZDJPY breaches the lower border, the price could continue its move toward 92.08.

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 92.39 is broken. The further movements will rely on the width of the current pattern 29 points.

The Double Bottom pattern has been formed on NZDJPY M15. 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 92.39 is broken. The further movements will rely on the width of the current pattern 29 points.

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 92.10 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 92.33/92.23.

The Double Top pattern has been formed on NZDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 92.36 is broken, the downward movement will continue.

According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 92.61 - 0.00 and support 92.46 – 92.46. In case the resistance level 92.46 - 92.46 is broken, the instrument is likely to follow the bearish trend.

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.