The Double Bottom pattern has been formed on #Bitcoin M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 62343.35 is broken. The further movements will rely on the width of the current pattern 69548 points.

According to the chart of D1, NZDCAD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 0.8148 while the median line of the Neck is set at 0.8412/0.8371. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of NZDCAD will go towards 0.8411.

On the chart of #Bitcoin M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 62457.35;the lower boundary 62134.32; the width of the pattern 32303 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 62134.09 level.

According to M5, EURCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.4907/1.4904 is broken out, the instrument is likely to move toward 1.4919.

According to the chart of M5, NZDJPY formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 91.55 – 91.55 and upper border 91.72 – 91.72. In case the upper border is broken, the instrument is likely to follow the upward trend.