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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Bearish Rectangle
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.
