signal strength 1 of 5

The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 85.80/85.81 after the right shoulder has been formed. So, the trend is set to change with the price heading for 85.66.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1317
Open chart in a new windowAccording to the chart of H1, NZDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 85.24
Open chart in a new windowAccording to the chart of H1, AUDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 92.94, the lower border is 92.44. The signal means
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