FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M5, USDCHF formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8088 – 0.8088 and upper border 0.8098 – 0.8098. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Triple Bottom pattern has formed on the chart of #KO M5. Features of the pattern: The lower line of the pattern has coordinates 83.38 with the upper limit 83.38/83.36, the projection of the width is 18 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 83.20, the price is most likely to continue the upward movement.

The Double Top pattern has been formed on AUDCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5643 is broken, the downward movement will continue.

According to the chart of M5, EURNZD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.9683, the lower border is 1.9649. The signal means that a long position should be opened above the upper border 1.9683 of the Bullish Rectangle.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 64118.34/64569.54 whereas the upper border goes across 64897.59/64569.54. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 64569.69.