signal strength 1 of 5

The Bearish pennant pattern has formed on the USDCAD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.3748; the projection of the flagpole height is equal to 36 pips. In case the price breaks out the pattern’s bottom of 1.3748, the downtrend is expected to continue for further level 1.3733.
The M5 and M15 time frames may have more false entry points.
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- Double Top
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According to the chart of M30, NZDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8187
Open chart in a new windowAccording to the chart of H1, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8203 - 0.0000
Open chart in a new windowThe Double Bottom pattern has been formed on NZDCAD M30; the upper boundary is 0.8203; the lower boundary is 0.8189. The width of the pattern is 15 points. In case
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