signal strength 4 of 5
According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8299/0.8226 whereas the lower border goes across 0.8123/0.8226. The pattern width is measured on the chart at 176 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8226 is broken, the price could continue its move toward 0.8266.
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- AUDCAD
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- EURCAD
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The Double Bottom pattern has been formed on EURCAD M15. Characteristics: the support level 1.5614; the resistance level 1.5628; the width of the pattern 14 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern which signals continuation of a trend has been formed on the chart USDJPY M5. Forecast: if the price breaks above the pattern high at 144.18, then
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant signal – Trading instrument USDJPY M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 144.18, with the prospect
The M5 and M15 time frames may have more false entry points.
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