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

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.

According to the chart of M30, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9422 – 0.9422 and upper border 0.9448 – 0.9448. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 0.9448/0.9436 whereas the lower border goes across 0.9421/0.9436. The pattern width is measured on the chart at 27 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9436 is broken, the price could continue its move toward 0.9451.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9422 is broken, the downward movement will continue.

According to the chart of M15, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9432, the lower border is 0.9421. The signal means that a long position should be opened above the upper border 0.9432 of the Bullish Rectangle.

According to the chart of M5, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9421 – 0.9421 and upper border 0.9432 – 0.9432. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on AUDCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9421 is broken, the downward movement will continue.

The Bullish Flag pattern has been formed on the chart AUDCAD H1 which signals that the upward trend will continue. Signals: а break of the peak at 0.9435 may push the price higher, and the rise will be the projection of the pole.