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

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.4326/1.4396 whereas the upper border goes across 1.4465/1.4396. 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 USDCAD will breach the upper border to head for 1.4436.

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.4320/1.4404 whereas the upper border goes across 1.4465/1.4404. 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 USDCAD will breach the upper border to head for 1.4444.

According to the chart of M30, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.4465/1.4404 whereas the lower border goes across 1.4320/1.4404. The pattern width is measured on the chart at 145 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.4404 is broken, the price could continue its move toward 1.4434.

On the chart of the USDCAD M5 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 1.4364, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 22 points.

The Bearish pennant pattern has formed on the USDCAD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.4405 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M15, USDCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.4465 while the median line of the Neck is found at 1.4424/1.4427. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of USDCAD will go towards 1.4404.

The Double Top pattern has been formed on USDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4428 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDCAD M15. Characteristics: the upper boundary 1.4330; the lower boundary 1.4316; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.4316 with a possible movements towards the 1.4294 level.

The Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4316 is broken, the downward movement will continue.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4331; the lower boundary 1.4316; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4301 level.