signal strength 3 of 5
The Double Bottom pattern has been formed on NZDCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.4822 is broken. The further movements will rely on the width of the current pattern 59 points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
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- M5
- M15
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The Triple Bottom pattern has been formed on AUDJPY M5. It has the following characteristics: resistance level 94.07/94.02; support level 93.89/93.89; the width is 18 points. In the event
The M5 and M15 time frames may have more false entry points.
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According to M15, EURNZD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.8889/1.8887 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 87.36 - 0.00
The M5 and M15 time frames may have more false entry points.
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