signal strength 1 of 5

According to the chart of M5, GBPCHF formed the Head and Shoulders pattern. The Head’s top is set at 1.1418 while the median line of the Neck is found at 1.1408/1.1408. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of GBPCHF will go towards 1.1393.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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The Double Bottom pattern has been formed on EURCAD M15. Characteristics: the support level 1.5761; the resistance level 1.5828; the width of the pattern 67 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 M5, NZDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.4833 and support 0.4824
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowAccording to the chart of M15, EURNZD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.9161/1.9208 whereas the upper border goes across 1.9252/1.9208
The M5 and M15 time frames may have more false entry points.
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