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

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3694/1.3683 whereas the lower border goes across 1.3675/1.3683. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3683 is broken, the price could continue its move toward 1.3698.

The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3652; the lower boundary is 1.3641. The width of the pattern is 10 points. In case of a break of the upper boundary 1.3652, 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.

According to the chart of M30, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3641, the lower border is 1.3625. The signal means that a long position should be opened above the upper border 1.3641 of the Bullish Rectangle.

According to the chart of M15, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3641, the lower border is 1.3625. The signal means that a long position should be opened above the upper border 1.3641 of the Bullish Rectangle.

The Double Top pattern has been formed on USDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3625 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.3640; the lower boundary 1.3635; the width of the pattern is 5 points. Sell trades are better to be opened below the lower boundary 1.3635 with a possible movements towards the 1.3620 level.

The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3607; the lower boundary is 1.3594. The width of the pattern is 12 points. In case of a break of the upper boundary 1.3607, 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 Bottom pattern has formed on the chart of USDCAD M5. Features of the pattern: The lower line of the pattern has coordinates 1.3607 with the upper limit 1.3607/1.3599, the projection of the width is 12 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 1.3595, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.3595; the resistance level 1.3607; the width of the pattern 12 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 12 points.

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3629 and 1.3600 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 29 pips. Outlook: If the upper border 1.3629 is broken, the price is likely to continue its move by 1.3657.