FX.co ★ Patterns USDCAD | US Dollar (USD) to the Canadian Dollar (CAD) Rate in the Forex market

The Double Bottom pattern has been formed on USDCAD M5. 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 1.4287 is broken. The further movements will rely on the width of the current pattern 11 points.

The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.4328; the lower boundary 1.4317; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 1.4317 with a possible movements towards the 1.4302 level.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4301 is likely to encourage a continuation of the downward trend.

According to the chart of M5, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.4327, the lower border is 1.4303. The signal means that a long position should be opened above the upper border 1.4327 of the Bullish Rectangle.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4327; the lower boundary 1.4305; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4290 level.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.4261 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -58 pips.

The Triple Bottom pattern has formed on the chart of USDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 1.4257 with the upper limit 1.4257/1.4254, the projection of the width is 12 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 1.4245, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of the USDCAD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.4297/1.4278.

The Triple Bottom pattern has formed on the chart of USDCAD M30. Features of the pattern: The lower line of the pattern has coordinates 1.4312 with the upper limit 1.4312/1.4297, the projection of the width is 42 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 1.4270, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of USDCAD M15. Features of the pattern: The lower line of the pattern has coordinates 1.4312 with the upper limit 1.4312/1.4297, the projection of the width is 42 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 1.4270, the price is most likely to continue the upward movement.