signal strength 1 of 5
According to the chart of M5, NZDCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.4833 while the median line of the Neck is set at 0.4843/0.4842. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDCHF will go towards 0.4857.
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 Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8179/0.8189 whereas the upper border goes across 0.8199/0.8189
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.5944/0.5958 whereas the upper border goes across 0.5969/0.5958
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5926 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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