signal strength 3 of 5
According to the chart of M30, EURCHF produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.9539 while the median line of the Neck is set at 0.9574/0.9570. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of EURCHF will go towards 0.9600.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
- 2
- 3
- 4
- 5
On the chart of EURCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5772; the lower boundary 1.5759; the width of the pattern 13 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Top pattern has been formed on USDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8174
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
The Double Top pattern has been formed on EURCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9299
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
