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

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 0.9019 is broken. The further movements will rely on the width of the current pattern 8 points.

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9019; the lower boundary is 0.9011. The width of the pattern is 8 points. In case of a break of the upper boundary 0.9019, 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 Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9011 – 0.9011 and upper border 0.9019 – 0.9019. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9044; the resistance level 0.9055; the width of the pattern 11 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 11 points.

On the chart of the AUDCAD M30 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.9070, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 20 points.

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 0.9093/0.9084 whereas the lower border goes across 0.9071/0.9084. The pattern width is measured on the chart at 22 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9084 is broken, the price could continue its move toward 0.9099.

According to the chart of M15, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9093 and support 0.9070. In case the resistance level 0.9093 - 0.9093 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9093 and support 0.9070. In case the resistance level 0.9093 - 0.9093 is broken, the instrument is likely to follow the bullish 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 0.9058/0.9070 with the upper limit 0.9089/0.9085; the projection of the width is 31 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 0.9058, the price is most likely to continue the downward movement.

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 0.9052/0.9028 whereas the lower border goes across 0.8997/0.9028. The pattern width is measured on the chart at 55 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9028 is broken, the price could continue its move toward 0.9043.