signal strength 1 of 5
According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5723 while the median line of the Neck is found at 0.5705/0.5719. 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 NZDUSD will go towards 0.5738
The M5 and M15 time frames may have more false entry points.
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- EURRUB
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- GBPAUD
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The Double Top reversal pattern has been formed on NZDCAD M5. Characteristics: the upper boundary 0.8242; the lower boundary 0.8236; the width of the pattern is 6 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, USDJPY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 142.80
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPUSD M15. Characteristics: the upper boundary 1.3556; the lower boundary 1.3537; the width of the pattern is 17 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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