FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M15, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3907/1.3917 whereas the upper border goes across 1.3928/1.3917. 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 1.3939.

According to the chart of H1, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3907, the lower border is 1.3881. The signal means that a long position should be opened above the upper border 1.3907 of the Bullish Rectangle.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3883 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -12 pips.

According to the chart of M30, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3907, the lower border is 1.3881. The signal means that a long position should be opened above the upper border 1.3907 of the Bullish Rectangle.

The Double Top pattern has been formed on USDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3881 is broken, the downward movement will continue.

According to the chart of M15, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3905/1.3892 whereas the lower border goes across 1.3880/1.3892. The pattern width is measured on the chart at 25 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3892 is broken, the price could continue its move toward 1.3915.

The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3893; the lower boundary is 1.3885. The width of the pattern is 8 points. In case of a break of the upper boundary 1.3893, 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.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3896; the lower boundary 1.3892; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3877 level.

The Triple Top pattern has formed on the chart of the USDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5, support level -7, and pattern’s width 9. Forecast If the price breaks through the support level 1.3878, it is likely to move further down to 1.3874.

The Bullish Flag pattern has been formed on the chart USDCAD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.3885 may push the price higher, and the rise will be the projection of the pole.