signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURCHF M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.9325/0.9326 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9311.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDJPY
- NZDUSD
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- USDRUB
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According to the chart of M5, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1308 - 0.0000
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8881
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According to the chart of M15, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5621 - 0.0000
The M5 and M15 time frames may have more false entry points.
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