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

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4403; the lower boundary 1.4365; the width of the pattern 38 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4350 level.

The Double Top reversal pattern has been formed on USDCAD M15. Characteristics: the upper boundary 1.4394; the lower boundary 1.4364; the width of the pattern is 31 points. Sell trades are better to be opened below the lower boundary 1.4364 with a possible movements towards the 1.4341 level.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4387 and 1.4367 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 1.4387 is broken, the price is likely to continue its move by 1.4391.

The Bullish pennant pattern is formed on the USDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 1.4364, a further uptrend is possible.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4359; the lower boundary 1.4353; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4338 level.

The Double Bottom pattern has been formed on USDCAD M5. 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 1.4287 is broken. The further movements will rely on the width of the current pattern 11 points.

The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.4328; the lower boundary 1.4317; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 1.4317 with a possible movements towards the 1.4302 level.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4301 is likely to encourage a continuation of the downward trend.

According to the chart of M5, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.4327, the lower border is 1.4303. The signal means that a long position should be opened above the upper border 1.4327 of the Bullish Rectangle.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4327; the lower boundary 1.4305; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4290 level.