signal strength 1 of 5
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3331/1.3322 whereas the lower border goes across 1.3314/1.3322. The pattern width is measured on the chart at 17 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3322 is broken, the price could continue its move toward 1.3337.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURNZD
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On the chart of EURNZD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9142; the lower boundary 1.9091; the width of the pattern 51 points
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According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1362/1.1333
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The Bearish pennant pattern has formed on the NZDCAD H1 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8197 is broken through. Recommendations: Place
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