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 Symmetrical Triangle
was formed on 09.10 at 14:35:07 (UTC+0)
signal strength 4 of 5
According to the chart of H1, NZDUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.5842 and 0.5701 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 141 pips. Outlook: If the upper border 0.5842 is broken, the price is likely to continue its move by 0.5821.
