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

According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 93.96/94.02 whereas the upper border goes across 94.07/94.02. 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 AUDJPY will breach the upper border to head for 94.25.

The Triple Top pattern has formed on the chart of the AUDJPY M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -9, and pattern’s width 18. Forecast If the price breaks through the support level 93.87, it is likely to move further down to 93.85.

On the chart of AUDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.07; the lower boundary 93.87; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 93.64 level.

On the chart of AUDJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 94.05; the lower boundary 93.90; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 93.75 level.

The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 93.97 is broken, the downward movement will continue.