FX.co - Actual patterns. Instrument: AUDCAD: 17

There is nothing more precious to a trader than an ability to predict a further price movement. Technical analysis is a key to your successful transaction. At the same time, you can rely on common and recurring situations that arise in the same circumstances. Our Technical Analysis Patterns section features all trading recommendations based on the technical analysis patterns that help traders make projections and turn a profit.

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Figure:

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Triangle

Rectangle

Pennant

Flag

Head and Shoulders

Double Top

Triple top

Timeframe:

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M5

M15

M30

H1

D1

Signal strength:

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High

Medium

Low

Signal direction:

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Buy

Sell

AUDCAD

AUDCAD M5

The Bearish Flag pattern has been formed on AUDCAD at M5. The lower boundary of the pattern is located at 0.9087/0.9091 while the upper boundary lies at 0.9091/0.9095. The projection of the flagpole is 16 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.9087 is broken, the price will move further downwards.

2024-11-21T15:50:24

AUDCAD M5

Bearish pennant

The Bearish pennant pattern has formed on the AUDCAD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.9087, a trader will be able to successfully enter the sell position.

2024-11-21T15:50:19

AUDCAD M5

Bullish Symmetrical Triangle

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9108 and 0.9088 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 20 pips. Outlook: If the upper border 0.9108 is broken, the price is likely to continue its move by 0.9111.

2024-11-21T07:05:16

AUDCAD M5

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9093 is broken, the downward movement will continue.

2024-11-21T02:55:55

AUDCAD M5

Bullish Rectangle

According to the chart of M5, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9101, the lower border is 0.9093. The signal means that a long position should be opened above the upper border 0.9101 of the Bullish Rectangle.

2024-11-21T02:28:51

AUDCAD M15

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 0.9091 is broken. The further movements will rely on the width of the current pattern 14 points.

2024-11-20T20:30:31

AUDCAD M15

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9090; the lower boundary is 0.9078. The width of the pattern is 13 points. In case of a break of the upper boundary 0.9090, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

2024-11-20T20:15:30

AUDCAD M15

The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.9120; the lower boundary 0.9113; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.9113 with a possible movements towards the 0.9090 level.

2024-11-19T00:45:32

AUDCAD M5

Inverse Head and Shoulder

According to M5, AUDCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.9094/0.9093 is broken out, the instrument is likely to move toward 0.9108.

2024-11-18T13:35:03

AUDCAD M15

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9101; the lower boundary is 0.9090. The width of the pattern is 10 points. In case of a break of the upper boundary 0.9101, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

2024-11-18T11:01:11