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

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 0.9052/0.9028 whereas the lower border goes across 0.8997/0.9028. The pattern width is measured on the chart at 55 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.9028 is broken, the price could continue its move toward 0.9043.

The Double Bottom pattern has been formed on AUDCAD M30. Characteristics: the support level 0.8948; the resistance level 0.8968; the width of the pattern 20 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 19 points.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8948 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -22 pips.

On the chart of AUDCAD D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9084; the lower boundary 0.8929; the width of the pattern 155 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8889 level.

The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9048; the resistance level 0.9053; the width of the pattern 5 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 5 points.

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 0.9022 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the AUDCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -6, and pattern’s width 11. Forecast If the price breaks through the support level 0.9037, it is likely to move further down to 0.9032.

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 0.9037 is broken, the downward movement will continue.

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 0.9034 is broken, the downward movement will continue.

The Double Bottom pattern has been formed on AUDCAD M15. Characteristics: the support level 0.9036; the resistance level 0.9044; the width of the pattern 8 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 7 points.