signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of AUDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 94.62/94.62 after the right shoulder has been formed. So, the trend is set to change with the price heading for 94.47.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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The Double Bottom pattern has been formed on NZDCHF M5; the upper boundary is 0.4947; the lower boundary is 0.4941. The width of the pattern is 6 points. In case
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 195.43; the lower boundary 195.18; the width of the pattern 25 points
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.6419 and support 0.6402
The M5 and M15 time frames may have more false entry points.
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