FX.co ★ Patterns AUDJPY | Australian Dollar (AUD) to Japanese Yen (JPY) Rate in the Forex market

The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 99.34 is broken, the downward movement will continue.

According to the chart of M15, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 99.51, the lower border is 99.34. The signal means that a long position should be opened above the upper border 99.51 of the Bullish Rectangle.

According to the chart of M5, AUDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 99.51 and support 99.34. In case the resistance level 99.51 - 99.51 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on AUDJPY M15. Characteristics: the support level 98.94; the resistance level 99.47; the width of the pattern 53 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 53 points.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 99.36/99.31 whereas the lower border goes across 99.24/99.31. The pattern width is measured on the chart at 12 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 99.31 is broken, the price could continue its move toward 99.46.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 99.32; the lower boundary 99.15; the width of the pattern 17 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 98.93 level.

The Triple Top pattern has formed on the chart of the AUDJPY M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 99.00/99.01 with the upper limit 99.16/99.18; the projection of the width is 16 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 99.00, the price is most likely to continue the downward movement.

The Triple Bottom pattern has formed on the chart of the AUDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 99.07/98.96.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 99.21/99.30 and upper border is 99.38/99.30. The pattern width is measured on the chart at -17 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 AUDJPY breaches the lower border, the price could continue its move toward 99.15.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 99.96/99.60 whereas the lower border goes across 99.33/99.60. The pattern width is measured on the chart at 63 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 99.60 is broken, the price could continue its move toward 99.75.