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Actual patterns

Bearish Rectangle

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was formed on 29.07 at 08:37:24 (UTC+0)
signal strength 4 of 5

According to the chart of H1, NZDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8203 - 0.0000 and support 0.8187 – 0.8187. In case the resistance level 0.8187 - 0.8187 is broken, the instrument is likely to follow the bearish trend.

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Bearish Rectangle