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.