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

The Triple Bottom pattern has formed on the chart of AUDCAD M30. Features of the pattern: The lower line of the pattern has coordinates 0.9513 with the upper limit 0.9513/0.9474, the projection of the width is 64 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.9449, the price is most likely to continue the upward movement.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9449 is likely to encourage a continuation of the downward trend.

On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9585; the lower boundary 0.9577; the width of the pattern 8 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9562 level.

The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.9493; the lower boundary 0.9482; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.9482 with a possible movements towards the 0.9467 level.

The Double Top pattern has been formed on AUDCAD H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9469 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9485; the resistance level 0.9492; the width of the pattern 7 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 8 points.

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 0.9495/0.9487 whereas the lower border goes across 0.9479/0.9487. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9487 is broken, the price could continue its move toward 0.9502.

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 0.9511.

The Double Bottom pattern has been formed on AUDCAD 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 0.9472 is broken. The further movements will rely on the width of the current pattern 12 points.

The Bullish pennant pattern is formed on the AUDCAD M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9484, a further uptrend is possible.