FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Triple Bottom pattern has formed on the chart of the USDCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.4093/1.4091.

On the chart of USDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4125; the lower boundary 1.4110; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4070 level.

The Double Top reversal pattern has been formed on USDCAD H1. Characteristics: the upper boundary 1.4127; the lower boundary 1.4110; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.4110 with a possible movements towards the 1.4070 level.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4110 is likely to encourage a continuation of the downward trend.

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 1.4073 is broken, the downward movement will continue.

On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4108; the lower boundary 1.4102; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4087 level.

According to the chart of M5, USDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.4107 and support 1.4099. In case the resistance level 1.4107 - 1.4107 is broken, the instrument is likely to follow the bullish trend.

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4110 and 1.4044 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 66 pips. Outlook: If the upper border 1.4110 is broken, the price is likely to continue its move by 1.4121.

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 1.4113 is broken. The further movements will rely on the width of the current pattern 41 points.

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.4044/1.4081 whereas the upper border goes across 1.4110/1.4081. 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 1.4121.