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

According to the chart of M5, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 90.38, the lower border is 90.30. The signal means that a long position should be opened above the upper border 90.38 of the Bullish Rectangle.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 90.37/90.44 whereas the upper border goes across 90.50/90.44. 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 90.59.

The Double Top reversal pattern has been formed on NZDJPY M30. Characteristics: the upper boundary 90.74; the lower boundary 90.32; the width of the pattern is 42 points. Sell trades are better to be opened below the lower boundary 90.32 with a possible movements towards the 90.02 level.

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 90.59 – 90.59 and upper border 90.74 – 90.74. 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 90.32 is broken, the downward movement will continue.