Actual patterns
Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.
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Bullish Rectangle
was formed on 28.08 at 21:21:43 (UTC+0)
signal strength 2 of 5
According to the chart of M15, NZDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8093 and support 0.8084. In case the resistance level 0.8093 - 0.8093 is broken, the instrument is likely to follow the bullish trend.
The M5 and M15 time frames may have more false entry points.
