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

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 0.9055/0.9043 whereas the lower border goes across 0.9029/0.9043. 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 0.9043 is broken, the price could continue its move toward 0.9058.

On the chart of AUDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8988; the lower boundary 0.8975; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8945 level.

According to the chart of M5, AUDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8989 while the median line of the Neck is found at 0.8980/0.8979. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.8964.

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.8982; the lower boundary 0.8970; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.8970 with a possible movements towards the 0.8940 level.

The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.8982; the lower boundary 0.8970; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 0.8970 with a possible movements towards the 0.8947 level.

The technical pattern called Head and Shoulders has appeared on the chart of AUDCAD M30. There are weighty reasons to suggest that the price will surpass the Neckline 0.8946/0.8947 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8917.

The Double Top pattern has been formed on AUDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8905 is broken, the downward movement will continue.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8959/0.8966 whereas the upper border goes across 0.8972/0.8966. 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 AUDCAD will breach the upper border to head for 0.8981.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8945/0.8956 whereas the upper border goes across 0.8965/0.8956. 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 AUDCAD will breach the upper border to head for 0.8971.

The Double Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8946 is broken, the downward movement will continue.