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 M15; the upper boundary is 85.54; the lower boundary is 85.35. The width of the pattern is 17 points. In case of a break of the upper boundary 85.54, 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.

According to the chart of M5, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 85.48, the lower border is 85.38. The signal means that a long position should be opened above the upper border 85.48 of the Bullish Rectangle.

According to the chart of M30, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85.51/85.22 whereas the lower border goes across 84.82/85.22. The pattern width is measured on the chart at 69 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 85.22 is broken, the price could continue its move toward 85.52.

According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 85.51 and 84.82 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 69 pips. Outlook: If the upper border 85.51 is broken, the price is likely to continue its move by 85.46.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 84.81/85.23 whereas the upper border goes across 85.51/85.23. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of NZDJPY will breach the upper border to head for 85.38.

On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 85.43; the lower boundary 84.86; the width of the pattern 57 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 84.71 level.

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 84.71 is likely to encourage a continuation of the downward trend.

According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 85.15 and 84.50 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 65 pips. Outlook: If the upper border 85.15 is broken, the price is likely to continue its move by 85.10.

The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 84.69; the resistance level 84.89; the width of the pattern 20 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 20 points.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85.07/84.81 whereas the lower border goes across 84.47/84.81. The pattern width is measured on the chart at 60 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 84.81 is broken, the price could continue its move toward 84.96.