signal strength 2 of 5
According to the chart of M15, AUDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 92.97/93.25 whereas the upper border goes across 93.46/93.25. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDJPY will breach the upper border to head for 93.47.
The M5 and M15 time frames may have more false entry points.
See Also
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- Rectangle
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- Triple top
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According to the chart of D1, NZDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8316, the lower border is 0.8151. The signal means
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According to the chart of M5, AUDCHF formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5298 is likely to encourage a continuation
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 EURNZD M30. Forecast: if the price breaks above the pattern high at 1.9026, then
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