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 4, support level -11, and pattern’s width 26. Forecast If the price breaks through the support level 0.9653, it is likely to move further down to 0.9653.

The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9570; the resistance level 0.9585; the width of the pattern 15 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 16 points.

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9604; the lower boundary is 0.9596. The width of the pattern is 8 points. In case of a break of the upper boundary 0.9604, 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.

According to the chart of M5, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9593 – 0.9593 and upper border 0.9605 – 0.9605. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9602 and 0.9567 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 35 pips. Outlook: If the upper border 0.9602 is broken, the price is likely to continue its move by 0.9602.

The Bearish Flag pattern has been formed on the chart AUDCAD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.9568, traders should enter the market.

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 0.9568, a trader will be able to successfully enter the sell position.

According to the chart of M15, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9607 and 0.9578 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 0.9607 is broken, the price is likely to continue its move by 0.9617.

According to the chart of M15, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9575/0.9592 whereas the upper border goes across 0.9607/0.9592. 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 0.9614.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9607/0.9592 whereas the lower border goes across 0.9575/0.9592. The pattern width is measured on the chart at 32 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9592 is broken, the price could continue its move toward 0.9607.