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

On the chart of NZDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 92.60; the lower boundary 92.33; the width of the pattern 27 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 92.18 level.

According to the chart of M15, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 92.21 - 0.00 and support 91.99 – 91.99. In case the resistance level 91.99 - 91.99 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 92.30, the lower border is 92.14. The signal means that a long position should be opened above the upper border 92.30 of the Bullish Rectangle.

According to the chart of M15, NZDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 92.30, the lower border is 92.14. The signal means that a long position should be opened above the upper border 92.30 of the Bullish Rectangle.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 92.29/92.20 whereas the lower border goes across 92.13/92.20. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 92.20 is broken, the price could continue its move toward 92.35.