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Actual patterns

Bullish Rectangle

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was formed on 05.11 at 22:07:06 (UTC+0)
signal strength 1 of 5

According to the chart of M5, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.7990 and support 0.7983. In case the resistance level 0.7990 - 0.7990 is broken, the instrument is likely to follow the bullish trend.

The M5 and M15 time frames may have more false entry points.

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Figure

Instrument

Timeframe

Trend

Signal Strength

Bullish Rectangle