signal strength 1 of 5

The technical pattern called Head and Shoulders has appeared on the chart of NZDJPY M5. There are weighty reasons to suggest that the price will surpass the Neckline 85.80/85.81 after the right shoulder has been formed. So, the trend is set to change with the price heading for 85.66.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Triple Bottom pattern has formed on the chart of AUDJPY M30. Features of the pattern: The lower line of the pattern has coordinates 94.65 with the upper limit 94.65/94.63
Open chart in a new windowThe Triple Bottom pattern has formed on the chart of AUDJPY M15. Features of the pattern: The lower line of the pattern has coordinates 94.65 with the upper limit 94.65/94.63
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Top pattern has been formed on EURCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6019
The M5 and M15 time frames may have more false entry points.
Open chart in a new window