signal strength 2 of 5

The Double Top pattern has been formed on NZDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8115 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURNZD M5. Characteristics: the support level 1.8836; the resistance level 1.8850; the width of the pattern 14 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M15, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1155 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on EURJPY M15. Characteristics: the support level 164.10; the resistance level 164.30; the width of the pattern 20 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window