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

According to the chart of M15, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3888 – 1.3888 and upper border 1.3903 – 1.3903. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, USDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3903, the lower border is 1.3888. The signal means that a short position should be opened after fixing a price below the lower border 1.3888 of the Bearish Rectangle.

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 1.3852/1.3831 whereas the lower border goes across 1.3804/1.3831. The pattern width is measured on the chart at 48 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3831 is broken, the price could continue its move toward 1.3853.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3804/1.3831 whereas the upper border goes across 1.3852/1.3831. 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 1.3846.

The Triple Top pattern has formed on the chart of the USDCAD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -9, and pattern’s width 16. Forecast If the price breaks through the support level 1.3832, it is likely to move further down to 1.3817.

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 1.3850 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Top pattern has been formed on USDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3844 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDCAD M30. Characteristics: the upper boundary 1.3868; the lower boundary 1.3844; the width of the pattern is 25 points. Sell trades are better to be opened below the lower boundary 1.3844 with a possible movements towards the 1.3814 level.

The Double Top pattern has been formed on USDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3844 is broken, the downward movement will continue.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3827/1.3831 and upper border is 1.3835/1.3831. The pattern width is measured on the chart at -8 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCAD breaches the lower border, the price could continue its move toward 1.3816.