FX.co ★ Patterns AUDCAD | Australian Dollar (AUD) to Canadian Dollar (CAD) Rate in the Forex market

The Double Bottom pattern has been formed on AUDCAD H1. Characteristics: the support level 0.9751; the resistance level 0.9807; the width of the pattern 56 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 55 points.

According to the chart of M15, AUDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9768, the lower border is 0.9752. The signal means that a short position should be opened after fixing a price below the lower border 0.9752 of the Bearish Rectangle.

The Double Bottom pattern has been formed on AUDCAD M30. Characteristics: the support level 0.9751; the resistance level 0.9807; the width of the pattern 56 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 55 points.

According to the chart of M5, AUDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.9752 – 0.9752 and upper border 0.9768 – 0.9768. In case the lower border is broken, the instrument is likely to follow the downward trend.

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 0.9807 is broken. The further movements will rely on the width of the current pattern 56 points.

The Triple Bottom pattern has formed on the chart of AUDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 0.9768 with the upper limit 0.9768/0.9761, the projection of the width is 14 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9754, the price is most likely to continue the upward movement.

The Triple Bottom pattern has formed on the chart of the AUDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.9800/0.9790.

On the chart of the AUDCAD M15 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 0.9831, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.

According to the chart of M5, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9831 – 0.9831 and upper border 0.9839 – 0.9839. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on AUDCAD M30; the upper boundary is 0.9835; the lower boundary is 0.9818. The width of the pattern is 16 points. In case of a break of the upper boundary 0.9835, 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.