Double Bottom
was formed on 26.03 at 05:00:28 (UTC+0)
signal strength 4 of 5

The Double Bottom pattern has been formed on NZDCAD H1; the upper boundary is 0.8209; the lower boundary is 0.8166. The width of the pattern is 42 points. In case of a break of the upper boundary 0.8209, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

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Figure

Instrument

All
Bearish Rectangle
Bearish Symmetrical Triangle
Bearish Symmetrical Triangle
Bullish Rectangle
Double Top
Double Top
Triple Bottom
Triple Bottom
Triple Top
Triple Top

Timeframe

Trend

All
Buy
Sale

Signal Strength

Head and Shoulders
was formed on 14.05 at 15:30:27 (UTC+0)
signal strength 3 of 5

The AUDCAD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9039, the Neckline and the upward angle are at 0.9004/0.9004. The formation

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Bearish Flag
was formed on 14.05 at 15:29:48 (UTC+0)
signal strength 1 of 5

The Bearish Flag pattern has been formed on the chart NZDUSD 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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Bearish pennant
was formed on 14.05 at 15:29:42 (UTC+0)
signal strength 1 of 5

The Bearish pennant pattern has formed on the NZDUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.5929 is broken through. Recommendations: Place

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

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