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

On the chart of AUDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9746; the lower boundary 0.9722; the width of the pattern 24 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9682 level.

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9747; the lower boundary 0.9722; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 0.9722 with a possible movements towards the 0.9692 level.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9684 is broken, the downward movement will continue.

The Bullish pennant graphic pattern has formed on the AUDCAD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.9693.

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9665; the lower boundary is 0.9649. The width of the pattern is 15 points. In case of a break of the upper boundary 0.9665, 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 M5, AUDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.9684/0.9669 whereas the lower border goes across 0.9658/0.9669. 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 0.9669 is broken, the price could continue its move toward 0.9684.

The Double Bottom pattern has been formed on AUDCAD M15; the upper boundary is 0.9666; the lower boundary is 0.9659. The width of the pattern is 8 points. In case of a break of the upper boundary 0.9666, 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 been formed on AUDCAD M5. It has the following characteristics: resistance level 0.9666/0.9663; support level 0.9658/0.9659; the width is 8 points. In the event of a breakdown of the resistance level of 0.9666, the price is likely to continue an upward movement at least to 0.9673.

According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9666 - 0.0000 and support 0.9658 – 0.9658. In case the resistance level 0.9658 - 0.9658 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M15, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9695, the lower border is 0.9670. The signal means that a long position should be opened above the upper border 0.9695 of the Bullish Rectangle.