signal strength 1 of 5
According to the chart of M5, GOLD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 3230.87/3238.10 whereas the upper border goes across 3242.94/3238.10. 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 GOLD will breach the upper border to head for 3238.25.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURCHF
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
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- GBPUSD
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- NZDCAD
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- SILVER
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.39; the lower boundary 36.12; the width of the pattern 275 points
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5310
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the USDCHF M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -4
The M5 and M15 time frames may have more false entry points.
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