signal strength 1 of 5
The Bullish pennant graphic pattern has formed on the NZDCHF M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.5061.
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
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDJPY
- NZDUSD
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The Triple Bottom pattern has formed on the chart of the EURCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the EURUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1315 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8225 and support 0.8201
The M5 and M15 time frames may have more false entry points.
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