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

NZDJPY M15

Triple Top
The Triple Top pattern has formed on the chart of the NZDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 76.13/76.25 with the upper limit 76.36/76.36; the projection of the width is 23 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 76.13, the price is most likely to continue the downward movement.
2021-12-06

NZDJPY M5

Double Top
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 76.28 is broken, the downward movement will continue.
2021-12-06

NZDJPY H1

Double Bottom
The Double Bottom pattern has been formed on NZDJPY H1. 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 76.99 is broken. The further movements will rely on the width of the current pattern 32 points.
2021-12-03

NZDJPY H1

Bearish Rectangle
According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 77.22, the lower border is 76.63. The signal means that a short position should be opened after fixing a price below the lower border 76.63 of the Bearish Rectangle.
2021-12-03

NZDJPY M5

Double Bottom
The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 76.82; the lower boundary is 76.63. The width of the pattern is 19 points. In case of a break of the upper boundary 76.82, 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.
2021-12-02

NZDJPY M5

Bullish Symmetrical Triangle
According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 77.14 and 76.94 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 77.14 is broken, the price is likely to continue its move by 77.19 pips.
2021-12-02

NZDJPY M5

Double Bottom
The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 77.74; the lower boundary is 77.52. The width of the pattern is 21 points. In case of a break of the upper boundary 77.74, 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.
2021-12-01

NZDJPY M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of NZDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 77.66 with the upper limit 77.66/77.62, the projection of the width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 77.56, the price is most likely to continue the upward movement.
2021-12-01

NZDJPY M5

Inverse Head and Shoulder
According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 77.03 while the median line of the Neck is found at 76.70/76.94. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 77.18
2021-11-30

NZDJPY H1

Bearish Rectangle
According to the chart of H1, NZDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 77.75, the lower border is 77.01. The signal means that a short position should be opened after fixing a price below the lower border 77.01 of the Bearish Rectangle.
2021-11-30