2018-04-20 Bullish Rectangle EURCAD M5

According to the chart of M5, EURCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5580 - 0.0000 and support 1.5563 – 1.5563. In case the resistance level 1.5563 - 1.5563 is broken, the pair is likely to follow the bearish trend.

2018-04-20 Double Bottom EURCAD M5

The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5565; the resistance level 1.5580; the width of the pattern 15 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 17 points.

2018-04-20 Inverse Head and Shoulder SILVER M5

According to M5, SILVER is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 17.10/17.09 is broken out, the pair is likely to move toward 17.11.

2018-04-20 Double Bottom EURJPY M5

The Double Bottom pattern has been formed on EURJPY M5. Characteristics: the support level 132.34; the resistance level 132.47; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 13 points.