FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M15, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 90.87 – 90.87 and upper border 91.07 – 91.07. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on NZDJPY M15; the upper boundary is 91.28; the lower boundary is 91.19. The width of the pattern is 10 points. In case of a break of the upper boundary 91.28, 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 Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 91.40 and 91.16 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 24 pips. Outlook: If the upper border 91.40 is broken, the price is likely to continue its move by 91.42.

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 91.27 is broken, the downward movement will continue.

The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 91.24 is broken, the downward movement will continue.

On the chart of the NZDJPY M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 91.07, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 26 points.

On the chart of the NZDJPY M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 91.07, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 26 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 91.33 is broken. The further movements will rely on the width of the current pattern 25 points.

The Triple Top pattern has formed on the chart of the NZDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 90.79/90.89 with the upper limit 91.01/91.00; the projection of the width is 22 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 90.79, the price is most likely to continue the downward movement.

The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 84.83 is broken, the downward movement will continue.