signal strength 2 of 5

The Bearish pennant pattern has formed on the NZDUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.5564; the projection of the flagpole height is equal to 40 pips. In case the price breaks out the pattern’s bottom of 0.5564, the downtrend is expected to continue for further level 0.5541.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
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- EURGBP
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- EURNZD
- EURRUB
- EURUSD
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The EURNZD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.9070, the Neckline and the upward angle are at 1.9037/1.9038. The formation
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M15, EURCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.5640, the lower border is 1.5616. The signal means
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M30, EURCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.5616
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