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

On the chart of the USDCAD M30 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 1.3669, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 18 points.

The Double Top reversal pattern has been formed on USDCAD M30. Characteristics: the upper boundary 1.3691; the lower boundary 1.3675; the width of the pattern is 17 points. Sell trades are better to be opened below the lower boundary 1.3675 with a possible movements towards the 1.3645 level.

The Double Top reversal pattern has been formed on USDCAD H1. Characteristics: the upper boundary 1.3691; the lower boundary 1.3669; the width of the pattern is 22 points. Sell trades are better to be opened below the lower boundary 1.3669 with a possible movements towards the 1.3629 level.

On the chart of USDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3691; the lower boundary 1.3669; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3647 level.

On the chart of USDCAD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3691; the lower boundary 1.3669; the width of the pattern 22 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3639 level.

The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.3605; the resistance level 1.3610; the width of the pattern 5 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 5 points.

The Triple Bottom pattern has been formed on USDCAD M5. It has the following characteristics: resistance level 1.3670/1.3667; support level 1.3662/1.3661; the width is 8 points. In the event of a breakdown of the resistance level of 1.3670, the price is likely to continue an upward movement at least to 1.3675.

The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.3689; the lower boundary is 1.3677. The width of the pattern is 11 points. In case of a break of the upper boundary 1.3689, 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 Top pattern has formed on the chart of the USDCAD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -15, and pattern’s width 25. Forecast If the price breaks through the support level 1.3688, it is likely to move further down to 1.3683.

The Triple Top pattern has formed on the chart of the USDCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.3688/1.3703 with the upper limit 1.3713/1.3712; the projection of the width is 25 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 1.3688, the price is most likely to continue the downward movement.