signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8219 while the median line of the Neck is found at 0.8208/0.8213. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8234
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPCHF formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0936/1.0993 and upper border is 1.1046/1.0993. The pattern width is measured
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On the chart of GBPAUD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 2.1010; the lower boundary 2.0974; the width of the pattern 36 points
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The Double Top pattern has been formed on GBPJPY H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 197.98
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