2018-08-16 Bullish symmetrical triangle EURNZD H1

According to the chart of H1, EURNZD formed the Bullish symmetrical triangle pattern. The lower border of the pattern touches the coordinates 1.7315/1.7267 whereas the upper border goes across 1.7215/1.7267. If the Bullish symmetrical triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURNZD will breach the upper border to head for 1.7227.

2018-08-16 Inverse Head and Shoulder GBPUSD M30

According to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2710 while the median line of the Neck is found at 1.2661/1.2685. 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 GBPUSD will go towards 1.2740

2018-08-16 Bearish Rectangle EURUSD M15

According to the chart of M15, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1354, the lower border is 1.1334. The signal means that a long position should be opened above the upper border 1.1354 of the Bearish Rectangle.

2018-08-16 Bullish Rectangle GBPAUD M15

According to the chart of M15, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.7554 - 0.0000 and support 1.7523 – 1.7523. In case the resistance level 1.7523 - 1.7523 is broken, the instrument is likely to follow the bearish trend.