signal strength 1 of 5
According to the chart of M5, EURNZD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.9121/1.9174 and upper border is 1.9236/1.9174. The pattern width is measured on the chart at -115 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURNZD breaches the lower border, the price could continue its move toward 1.9159.
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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- AUDCAD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPJPY
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On the chart of NZDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8262; the lower boundary 0.8216; the width of the pattern 46 points
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The Bullish Flag pattern has been formed on the chart EURCHF M5 which signals that the upward trend will continue. Signals: а break of the peak at 0.9344 may push
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8386 - 0.0000
The M5 and M15 time frames may have more false entry points.
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