signal strength 1 of 5
The technical pattern called Head and Shoulders has appeared on the chart of EURNZD M5. There are weighty reasons to suggest that the price will surpass the Neckline 1.8901/1.8903 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.8888.
The M5 and M15 time frames may have more false entry points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AAPL
- #AMZN
- #Bitcoin
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- #FB
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- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
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- AUDUSD
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- EURGBP
- EURJPY
- EURNZD
- EURRUB
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- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
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- NZDUSD
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- USDCAD
- USDCHF
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- USDRUB
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- M5
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On the chart of EURNZD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.9828; the lower boundary 1.9606; the width of the pattern 222 points
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On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4255; the lower boundary 1.4195; the width of the pattern 60 points
The M5 and M15 time frames may have more false entry points.
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On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1023; the lower boundary 1.0995; the width of the pattern 28 points
The M5 and M15 time frames may have more false entry points.
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