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

The Triple Top pattern has formed on the chart of USDCAD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.3851 may confirm the bearish scenario. The projected peak-to-trough width is 4 points.

The Double Bottom pattern has formed on the USDCAD H1 chart. Its upper boundary is at 1.3854, its lower boundary is at 1.3846, and its width is 7 points. A break above the upper boundary at 1.3854 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Top reversal pattern has formed on the USDCAD M5 chart. Its upper boundary is at 1.3853/1.3852, its lower boundary is at 1.3848/1.3849, and its current width is 3 points. If the confirmation support at 1.3848 is broken, that width can be used to project the downward move.

The Bearish Symmetrical Triangle pattern has formed on the USDCAD M5 chart. A break below the lower boundary at 1.3731 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 56 points.

The Double Top pattern has formed on the USDCAD H1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.3886 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the USDCAD M30 chart. Its upper boundary is at 1.3876, its lower boundary is at 1.3865, and its width is 12 points. A short position may be considered below the lower boundary at 1.3865, with a potential target at 1.3835.

The Double Top reversal pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.3873, its lower boundary is at 1.3865, and its width is 9 points. A short position may be considered below the lower boundary at 1.3865, with a potential target at 1.3843.

The Triple Top pattern has formed on the chart of USDCAD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.3864 may confirm the bearish scenario. The projected peak-to-trough width is 6 points.

The Triple Bottom pattern has formed on the USDCAD M5 chart. It has the following characteristics: resistance at 1.3891; support at 1.3886; pattern width of 5 points. If the confirmation resistance at 1.3892 is broken, the price is likely to continue upward by at least 4 points.

The Double Bottom pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.3949, its lower boundary is at 1.3934, and its width is 15 points. A break above the upper boundary at 1.3949 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.