signal strength 1 of 5
The EURCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.5734, the Neckline and the upward angle are at 1.5652/1.5644. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURCAD will go towards 1.5629.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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- EURGBP
- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
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- USDCAD
- USDCHF
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- USDRUB
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The Double Bottom pattern has been formed on NZDJPY M15. Characteristics: the support level 84.31; the resistance level 84.49; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart NZDCAD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the NZDCAD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.8217 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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