signal strength 1 of 5
The EURJPY M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 162.14, the Neckline and the upward angle are at 161.98/161.96. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURJPY will go towards 161.81.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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- EURRUB
- EURUSD
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The Bearish pennant pattern has formed on the EURUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1315 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8225 and support 0.8201
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 USDCHF M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -21
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