signal strength 1 of 5
According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4233 is likely to encourage a continuation of the downward trend.
The M5 and M15 time frames may have more false entry points.
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- AUDCAD
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According to the chart of M30, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8269 while the median line of the Neck is found
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The Double Top pattern has been formed on EURNZD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.9087
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The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5773; the resistance level 1.5789; the width of the pattern 16 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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