Actual patterns

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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.

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Bullish Flag
was formed on 02.05 at 02:50:29 (UTC+0)
signal strength 1 of 5

The Bullish Flag pattern has been formed on NZDCAD at M5. The lower boundary of the pattern is located at 0.8184/0.8184, while the higher boundary lies at 0.8190/0.8190. The projection of the flagpole is 13 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8190 is broken, the price will move further upwards.

The M5 and M15 time frames may have more false entry points.

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Timeframe

Trend

Signal Strength

Actual Patterns