signal strength 1 of 5

According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 85.00 while the median line of the Neck is found at 84.85/84.91. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 85.15
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has been formed on USDJPY M5. It has the following characteristics: resistance level 148.04/148.00; support level 147.78/147.74; the width is 26 points. In the event
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 164.27; the lower boundary is 164.16. The width of the pattern is 12 points. In case
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 NZDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.4931
The M5 and M15 time frames may have more false entry points.
Open chart in a new window