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

The Bullish Flag pattern has formed on the NZDJPY M15 chart. Its lower boundary passes through 88.94/88.86, while its upper boundary passes through 89.02/88.94. The projected flagpole height is 44 points. The formation indicates that the uptrend is likely to continue. A break above 89.02 would confirm further upward movement.

The Bullish Pennant pattern has formed on the NZDJPY M15 chart. This is a continuation pattern. If the price closes above the pennant high at 89.02, the uptrend is likely to continue.

The Bearish Symmetrical Triangle pattern has formed on the NZDJPY M5 chart. A break below the lower boundary at 88.58 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 8 points.

The Triple Bottom pattern has formed on the chart of NZDJPY M5. The lower boundary is at 88.59, while the upper boundary is at 88.68/88.66. The projected width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 88.68 is broken, the price is likely to continue upward.

The Triple Bottom pattern has formed on the chart of NZDJPY M5. The lower boundary is at 88.69, while the upper boundary is at 88.86/88.80. The projected width is 17 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 88.86 is broken, the price is likely to continue upward.

The Double Bottom pattern has formed on the NZDJPY M5 chart. Its support is at 88.33, its resistance is at 88.48, and its width is 15 points. A break above resistance may confirm a trend reversal, with the first target projected 14 points away.

The Bearish Rectangle has formed on the NZDJPY M5 chart and indicates a likely continuation of the trend. Its resistance zone is at 89.76–89.76 and its support zone is at 89.69–89.69. A break below support at 89.69 is likely to signal a continuation of the bearish trend.

The Bullish Rectangle has formed on the NZDJPY M15 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 90.18 and its support is at 90.03. A breakout above the resistance zone at 90.18–90.18 is likely to signal a continuation of the bullish trend.

The Bullish Rectangle has formed on the NZDJPY M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 90.18 and its lower boundary is at 90.03. A long position may be considered after the price breaks above the upper boundary at 90.18 of the Bullish Rectangle.

The Double Top reversal pattern has formed on the NZDJPY M15 chart. Its upper boundary is at 90.18, its lower boundary is at 90.04, and its width is 14 points. A break below the lower boundary is likely to confirm further downward movement toward 89.82.