signal strength 1 of 5
According to the chart of M5, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3871 – 1.3871 and upper border 1.3891 – 1.3891. In case the lower border is broken, the instrument is likely to follow the downward trend.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
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- GBPUSD
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According to the chart of M5, AUDUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.6353 while the median line of the Neck
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 NZDUSD M30. Features of the pattern: The lower line of the pattern has coordinates 0.5994 with the upper limit 0.5994/0.5953
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The Double Bottom pattern has been formed on AUDUSD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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