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

NZDJPY M15

Double Top
The Double Top reversal pattern has been formed on NZDJPY M15. Characteristics: the upper boundary 86.38; the lower boundary 85.44; the width of the pattern is 96 points. Sell trades are better to be opened below the lower boundary 85.44 with a possible movements towards the 85.21 level.
2022-12-02

NZDJPY M15

Double Bottom
The Double Bottom pattern has been formed on NZDJPY M15. Characteristics: the support level 86.09; the resistance level 86.28; the width of the pattern 19 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 18 points.
2022-12-01

NZDJPY M5

Double Bottom
The Double Bottom pattern has been formed on NZDJPY M5. Characteristics: the support level 86.09; the resistance level 86.28; the width of the pattern 19 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 18 points.
2022-12-01

NZDJPY M5

Bearish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 86.42 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 10 pips.
2022-12-01

NZDJPY M15

Bearish Rectangle
According to the chart of M15, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 86.27, the lower border is 86.53. The signal means that a short position should be opened after fixing a price below the lower border 0.00 of the Bearish Rectangle.
2022-12-01

NZDJPY M5

Bearish Rectangle
According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 86.27 - 0.00 and support 86.53 – 0.00. In case the resistance level 86.53 - 0.00 is broken, the instrument is likely to follow the bearish trend.
2022-12-01

NZDJPY M15

Double Top
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 86.53 is broken, the downward movement will continue.
2022-11-30

NZDJPY M5

Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 86.56/86.54 after the right shoulder has been formed. So, the trend is set to change with the price heading for 86.39.
2022-11-30

NZDJPY M5

Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDJPY M5. Forecast: if the price breaks above the pattern high at 86.51, then traders will be able to place a long deal with the target at 86.74.
2022-11-30

NZDJPY M5

Bullish Rectangle
According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 86.33 – 0.00 and upper border 86.24 – 0.00. In case the upper border is broken, the instrument is likely to follow the upward trend.
2022-11-30