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

According to the chart of M15, AUDJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 113.37 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -39 pips.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 114.28; the lower boundary 114.16; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 113.93 level.

According to the chart of M5, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 114.03/114.12 whereas the upper border goes across 114.19/114.12. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 114.27.

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 114.50/114.08 whereas the lower border goes across 113.79/114.08. The pattern width is measured on the chart at 71 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 114.08 is broken, the price could continue its move toward 114.23.

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 114.60/114.46 whereas the lower border goes across 114.35/114.46. The pattern width is measured on the chart at 25 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 114.46 is broken, the price could continue its move toward 114.61.

The AUDJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 114.33, the Neckline and the upward angle are at 114.13/114.16. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDJPY will go towards 114.01.

The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 114.13; the resistance level 114.17; the width of the pattern 4 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 4 points.

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 113.96 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the AUDJPY M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 113.06; the projection of the flagpole height is equal to 28 pips. In case the price breaks out the pattern’s bottom of 113.06, the downtrend is expected to continue for further level 112.91.

The Double Bottom pattern has been formed on AUDJPY 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 113.31 is broken. The further movements will rely on the width of the current pattern 9 points.