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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Bullish Rectangle
was formed on 12.05 at 06:00:26 (UTC+0)
signal strength 3 of 5
According to the chart of M30, AUDCHF formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.5366 and support 0.5346. In case the resistance level 0.5366 - 0.5366 is broken, the instrument is likely to follow the bullish trend.
