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The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9665; the lower boundary is 0.9649. The width of the pattern is 15 points. In case of a break of the upper boundary 0.9665, 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 Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9684/0.9669 whereas the lower border goes across 0.9658/0.9669. The pattern width is measured on the chart at 26 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9669 is broken, the price could continue its move toward 0.9684.

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9666; the lower boundary is 0.9659. The width of the pattern is 8 points. In case of a break of the upper boundary 0.9666, 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.

The Triple Bottom pattern has been formed on AUDCAD M5. It has the following characteristics: resistance level 0.9666/0.9663; support level 0.9658/0.9659; the width is 8 points. In the event of a breakdown of the resistance level of 0.9666, the price is likely to continue an upward movement at least to 0.9673.

According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9666 - 0.0000 and support 0.9658 – 0.9658. In case the resistance level 0.9658 - 0.9658 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9695, the lower border is 0.9670. The signal means that a long position should be opened above the upper border 0.9695 of the Bullish Rectangle.

The Triple Top pattern has formed on the chart of the AUDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.9655/0.9679 with the upper limit 0.9689/0.9693; the projection of the width is 34 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 0.9655, the price is most likely to continue the downward movement.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.9661 and 0.9642 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 19 pips. Outlook: If the upper border 0.9661 is broken, the price is likely to continue its move by 0.9668.

The Triple Top pattern has formed on the chart of the AUDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -3, and pattern’s width 18. Forecast If the price breaks through the support level 0.9643, it is likely to move further down to 0.9643.

The Double Bottom pattern has been formed on AUDCAD M15. Characteristics: the support level 0.9637; the resistance level 0.9681; the width of the pattern 44 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 45 points.