signal strength 1 of 5
According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5723 while the median line of the Neck is found at 0.5705/0.5719. 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 NZDUSD will go towards 0.5738
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
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- NZDJPY
- NZDUSD
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According to the chart of M5, GOLD 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.
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On the chart of GOLD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 3135.25; the lower boundary 3128.79; the width of the pattern 646 points
The M5 and M15 time frames may have more false entry points.
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The Bullish Flag pattern has been formed on the chart SILVER M5 which signals that the upward trend will continue. Signals: а break of the peak at 33.77 may push
The M5 and M15 time frames may have more false entry points.
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