signal strength 2 of 5
According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5982/0.5990 whereas the upper border goes across 0.5998/0.5990. 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 NZDUSD will breach the upper border to head for 0.6012.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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According to the chart of M15, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8906, the lower border is 0.8891. The signal means
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. Characteristics: the support level 0.6424; the resistance level 0.6435; 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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The Triple Top pattern has formed on the chart of the AUDJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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