signal strength 3 of 5
According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8184 while the median line of the Neck is found at 0.8151/0.8174. 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 NZDCAD will go towards 0.8214
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
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- USDRUB
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The Double Bottom pattern has been formed on NZDUSD M15; the upper boundary is 0.5977; the lower boundary is 0.5961. The width of the pattern is 18 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDUSD M15; the upper boundary is 0.6477; the lower boundary is 0.6462. The width of the pattern is 16 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the SILVER M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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