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

USDCAD M5

Head and Shoulders
The USDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3612, the Neckline and the upward angle are at 1.3590/1.3593. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of USDCAD will go towards 1.3578.
2024-03-28

USDCAD M30

Bullish Symmetrical Triangle
According to the chart of M30, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3552/1.3578 whereas the upper border goes across 1.3604/1.3578. 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 USDCAD will breach the upper border to head for 1.3608.
2024-03-28

USDCAD M15

Bullish Symmetrical Triangle
According to the chart of M15, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3598/1.3593 whereas the lower border goes across 1.3587/1.3593. The pattern width is measured on the chart at 11 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3593 is broken, the price could continue its move toward 1.3615.
2024-03-27

USDCAD M15

Bullish Flag
The Bullish Flag pattern has been formed on the chart USDCAD M15 which signals that the upward trend will continue. Signals: а break of the peak at 1.3587 may push the price higher, and the rise will be the projection of the pole.
2024-03-26

USDCAD M15

Bullish pennant
The Bullish pennant signal – Trading instrument USDCAD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3587, with the prospect of the next move being a projection of the flagpole height.
2024-03-26

USDCAD M5

Double Bottom
The Double Bottom pattern has been formed on USDCAD M5. 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 1.3559 is broken. The further movements will rely on the width of the current pattern 7 points.
2024-03-26

USDCAD M30

Bullish Symmetrical Triangle
According to the chart of M30, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3606/1.3582 whereas the lower border goes across 1.3561/1.3582. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3582 is broken, the price could continue its move toward 1.3612.
2024-03-25

USDCAD M5

Double Top
On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3605; the lower boundary 1.3592; the width of the pattern 13 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3577 level.
2024-03-22

USDCAD M5

Double Bottom
The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.3563; the resistance level 1.3569; the width of the pattern 6 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 7 points.
2024-03-22

USDCAD M15

Bullish Rectangle
According to the chart of M15, USDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3540 and support 1.3523. In case the resistance level 1.3540 - 1.3540 is broken, the instrument is likely to follow the bullish trend.
2024-03-21