signal strength 1 of 5

According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5723 while the median line of the Neck is found at 0.5705/0.5719. 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 NZDUSD will go towards 0.5738
The M5 and M15 time frames may have more false entry points.
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According to the chart of M30, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8935/0.8942 and upper border is 0.8952/0.8942. The pattern width is measured
Open chart in a new windowOn the chart of NZDUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6089; the lower boundary 0.6077; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Bearish pennant pattern has formed on the EURNZD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.9357 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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