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

According to the chart of M15, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 95.38 and support 95.22. In case the resistance level 95.38 - 95.38 is broken, the instrument is likely to follow the bullish trend.

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 95.22 – 95.22 and upper border 95.38 – 95.38. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 95.22 is broken, the downward movement will continue.

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 95.22 is broken, the downward movement will continue.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart NZDJPY M30. Forecast: if the price breaks above the pattern high at 94.42, then traders will be able to place a long deal with the target at 94.72.

The Triple Top pattern has formed on the chart of the NZDJPY M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -3, and pattern’s width 13. Forecast If the price breaks through the support level 93.22, it is likely to move further down to 93.23.

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 93.20 is broken. The further movements will rely on the width of the current pattern 14 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 93.15 is broken. The further movements will rely on the width of the current pattern 9 points.

The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 93.46; the lower boundary 93.31; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 93.31 with a possible movements towards the 93.01 level.

The Double Top pattern has been formed on NZDJPY M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.31 is broken, the downward movement will continue.