FX.co ★ Patterns USDCAD | US Dollar (USD) to the Canadian Dollar (CAD) Rate in the Forex market

The Double Top pattern has formed on the USDCAD H1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.3886 is likely to confirm further downward movement.

The Double Top reversal pattern has formed on the USDCAD M30 chart. Its upper boundary is at 1.3876, its lower boundary is at 1.3865, and its width is 12 points. A short position may be considered below the lower boundary at 1.3865, with a potential target at 1.3835.

The Double Top reversal pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.3873, its lower boundary is at 1.3865, and its width is 9 points. A short position may be considered below the lower boundary at 1.3865, with a potential target at 1.3843.

The Triple Top pattern has formed on the chart of USDCAD M5 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.3864 may confirm the bearish scenario. The projected peak-to-trough width is 6 points.

The Triple Bottom pattern has formed on the USDCAD M5 chart. It has the following characteristics: resistance at 1.3891; support at 1.3886; pattern width of 5 points. If the confirmation resistance at 1.3892 is broken, the price is likely to continue upward by at least 4 points.

The Double Bottom pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.3949, its lower boundary is at 1.3934, and its width is 15 points. A break above the upper boundary at 1.3949 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Bottom pattern has formed on the chart of USDCAD M5. The lower boundary is at 1.4042, while the upper boundary is at 1.4047/1.4045. The projected width is 6 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.4047 is broken, the price is likely to continue upward.

The Double Top reversal pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.4043, its lower boundary is at 1.4035, and its width is 9 points. A short position may be considered below the lower boundary at 1.4035, with a potential target at 1.4013.

The Double Bottom pattern has formed on the USDCAD M30 chart. Its support is at 1.4003, its resistance is at 1.4014, and its width is 11 points. A break above resistance may confirm a trend reversal, with the first target projected 10 points away.

The Double Bottom pattern has formed on the USDCAD M15 chart. Its upper boundary is at 1.4016, its lower boundary is at 1.4004, and its width is 13 points. A break above the upper boundary at 1.4016 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.