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 02.09 at 22:00:35 (UTC+0)
signal strength 4 of 5
According to the chart of H1, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8117/0.8078 whereas the lower border goes across 0.8035/0.8078. The pattern width is measured on the chart at 82 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8078 is broken, the price could continue its move toward 0.8118.
