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 M5; the upper boundary is 92.33; the lower boundary is 92.25. The width of the pattern is 8 points. In case of a break of the upper boundary 92.33, 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 H1, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 92.46 and 91.87 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 59 pips. Outlook: If the upper border 92.46 is broken, the price is likely to continue its move by 92.54.

According to the chart of M30, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 92.46 and 91.87 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 59 pips. Outlook: If the upper border 92.46 is broken, the price is likely to continue its move by 92.45.

According to the chart of M15, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 91.58 and support 91.48. In case the resistance level 91.58 - 91.58 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 91.58 and support 91.48. In case the resistance level 91.58 - 91.58 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on NZDJPY M15. Characteristics: the upper boundary 91.58; the lower boundary 91.49; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 91.49 with a possible movements towards the 91.26 level.

The Bullish pennant graphic pattern has formed on the NZDJPY H1 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 91.64.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 91.04/91.10 whereas the upper border goes across 91.15/91.10. 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 91.25.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91.15; the lower boundary 90.97; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.75 level.

The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 90.82 is broken, the downward movement will continue.