FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 93.29/93.36 whereas the upper border goes across 93.42/93.36. 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 NZDJPY will breach the upper border to head for 93.51.

According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 93.29 while the median line of the Neck is found at 92.90/93.23. 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 93.44

The Triple Bottom pattern has formed on the chart of NZDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 93.40 with the upper limit 93.40/93.34, the projection of the width is 16 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 93.24, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of the NZDJPY M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 93.40/93.34.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 93.77/93.85 whereas the upper border goes across 93.92/93.85. 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 NZDJPY will breach the upper border to head for 94.00.

The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 93.88; the lower boundary 93.64; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 93.64 with a possible movements towards the 93.34 level.

According to the chart of M5, NZDJPY formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 93.74 and support 93.56. In case the resistance level 93.74 - 93.74 is broken, the instrument is likely to follow the bullish trend.

On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 93.74; the lower boundary 93.56; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 93.41 level.

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 -4, support level -6, and pattern’s width 12. Forecast If the price breaks through the support level 93.58, it is likely to move further down to 93.58.

The Bullish Flag pattern has been formed on the chart NZDJPY M5 which signals that the upward trend will continue. Signals: а break of the peak at 93.05 may push the price higher, and the rise will be the projection of the pole.