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

The Double Bottom pattern has been formed on NZDJPY H1. 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 90.46 is broken. The further movements will rely on the width of the current pattern 47 points.

The Double Bottom pattern has been formed on NZDJPY M5; the upper boundary is 90.13; the lower boundary is 89.95. The width of the pattern is 16 points. In case of a break of the upper boundary 90.13, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M30, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 90.30/90.58 and upper border is 90.84/90.58. The pattern width is measured on the chart at -54 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 90.28.

According to the chart of M15, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 90.30/90.58 and upper border is 90.84/90.58. The pattern width is measured on the chart at -54 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 90.36.

According to the chart of M5, NZDJPY formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 90.42/90.60 and upper border is 90.85/90.60. The pattern width is measured on the chart at -43 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and NZDJPY breaches the lower border, the price could continue its move toward 90.45.