Bearish Rectangle
was formed on 20.08 at 22:07:03 (UTC+0)
signal strength 3 of 5
According to the chart of M30, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8088 - 0.0000 and support 0.8065 – 0.8065. In case the resistance level 0.8065 - 0.8065 is broken, the instrument is likely to follow the bearish trend.
Figure
Instrument
Timeframe
Trend
Signal Strength