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

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D1

Signal strength:

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Signal direction:

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Buy

Sell

AUDCAD

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

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. 0.9114 and 0.9100 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 14 pips. Outlook: If the upper border 0.9114 is broken, the price is likely to continue its move by 0.9123.

2024-11-18T03:00:15

AUDCAD M5

Head and Shoulders

The technical pattern called Head and Shoulders has appeared on the chart of AUDCAD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.9089/0.9091 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.9076.

2024-11-15T20:05:10