2019-05-23 Bullish symmetrical triangle EURNZD M5

According to the chart of M5, EURNZD formed the Bullish symmetrical triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.7148/1.7152 whereas the lower border goes across 1.7158/1.7152. The pattern width is measured on the chart at -10 pips. If the Bullish symmetrical triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.7152 is broken, the price could continue its move toward 1.

2019-05-23 Bullish Rectangle EURNZD M5

According to the chart of M5, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.7157, the lower border is 1.7148. The signal means that a short position should be opened after fixing a price below the lower border 1.7148 of the Bullish Rectangle.

2019-05-23 Head and Shoulders USDJPY H1

The technical pattern called Head and Shoulders has appeared on the chart of USDJPY H1. There are weighty reasons to suggest that the price will surpass the Neckline 110.06/110.13 after the right shoulder has been formed. So, the trend is set to change with the price heading for 109.73.

2019-05-23 Double Bottom GBPAUD M5

The Double Bottom pattern has been formed on GBPAUD M5; the upper boundary is 1.8353; the lower boundary is 1.8340. The width of the pattern is 14 points. In case of a break of the upper boundary 1.8353, 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.