FX.co ★ Patterns AUDCAD | Australian Dollar (AUD) to Canadian Dollar (CAD) Rate in the Forex market

The Triple Top pattern has formed on the chart of the AUDCAD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -3, and pattern’s width 10. Forecast If the price breaks through the support level 0.9111, it is likely to move further down to 0.9100.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9084/0.9091 whereas the upper border goes across 0.9099/0.9091. 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 AUDCAD will breach the upper border to head for 0.9106.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9068 is likely to encourage a continuation of the downward trend.

The Triple Top pattern has formed on the chart of the AUDCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9115/0.9122 with the upper limit 0.9133/0.9132; the projection of the width is 18 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.9115, the price is most likely to continue the downward movement.

The Bullish pennant pattern is formed on the AUDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9139, a further uptrend is possible.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.9100 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -12 pips.

According to the chart of H1, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9161 and 0.9061 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 100 pips. Outlook: If the upper border 0.9161 is broken, the price is likely to continue its move by 0.9151.

The Double Bottom pattern has been formed on AUDCAD M15. 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 0.9128 is broken. The further movements will rely on the width of the current pattern 31 points.

According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9088 - 0.0000 and support 0.9073 – 0.9073. In case the resistance level 0.9073 - 0.9073 is broken, the instrument is likely to follow the bearish trend.

The Bullish pennant signal – Trading instrument AUDCAD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9164, with the prospect of the next move being a projection of the flagpole height.