FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Bullish pennant graphic pattern has formed on the NZDJPY H1 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 91.64.

According to the chart of M5, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 91.04/91.10 whereas the upper border goes across 91.15/91.10. 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 91.25.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91.15; the lower boundary 90.97; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.75 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 90.82 is broken, the downward movement will continue.

On the chart of NZDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91.14; the lower boundary 90.82; the width of the pattern 32 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90.60 level.