signal strength 2 of 5
The Bearish pennant pattern has formed on the NZDJPY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 85.81; the projection of the flagpole height is equal to 19 pips. In case the price breaks out the pattern’s bottom of 85.81, the downtrend is expected to continue for further level 85.58.
The M5 and M15 time frames may have more false entry points.
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- Double Top
- Flag
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- AUDCAD
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- EURCAD
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- EURNZD
- EURRUB
- EURUSD
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According to the chart of M5, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8409
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 Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 144.12 and support 143.84
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, USDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
