signal strength 2 of 5
The Bearish pennant pattern has formed on the NZDJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 85.81; the projection of the flagpole height is equal to 19 pips. In case the price breaks out the pattern’s bottom of 85.81, the downtrend is expected to continue for further level 85.58.
The M5 and M15 time frames may have more false entry points.
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- Pennant
- Rectangle
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- Triple top
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According to the chart of M5, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6505 - 0.0000
The M5 and M15 time frames may have more false entry points.
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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 86.84/86.86 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, AUDUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6505 - 0.0000
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
