signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8219 while the median line of the Neck is found at 0.8208/0.8213. 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 0.8234
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
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- USDJPY
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The Double Bottom pattern has been formed on EURCAD H1; the upper boundary is 1.5635; the lower boundary is 1.5595. The width of the pattern is 42 points. In case
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The Double Bottom pattern has been formed on EURGBP M30. Characteristics: the support level 0.8407; the resistance level 0.8420; the width of the pattern 13 points. If the resistance level
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The Double Bottom pattern has been formed on GBPAUD M5. Characteristics: the support level 2.0831; the resistance level 2.0842; the width of the pattern 11 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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