signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8219 while the median line of the Neck is found at 0.8208/0.8213. 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 NZDCAD will go towards 0.8234
The M5 and M15 time frames may have more false entry points.
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- Triple top
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The Triple Bottom pattern has formed on the chart of the NZDCAD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3444; the lower boundary 1.3420; the width of the pattern 24 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1008 and 1.0939 are the coordinates
The M5 and M15 time frames may have more false entry points.
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