signal strength 3 of 5
According to the chart of M30, EURNZD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.9008 – 1.9008 and upper border 1.9067 – 1.9067. In case the upper border is broken, the instrument is likely to follow the upward trend.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- EURJPY
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- NZDCHF
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- NZDUSD
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- USDCAD
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6001
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 NZDCAD M5. Characteristics: the upper boundary 0.8241; the lower boundary 0.8207; the width of the pattern is 33 points. Sell trades
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 M15. Forecast: if the price breaks above the pattern high at 1.9179, then
The M5 and M15 time frames may have more false entry points.
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