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

The Double Top pattern has been formed on USDCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4406 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.4541; the lower boundary 1.4518; the width of the pattern is 22 points. Sell trades are better to be opened below the lower boundary 1.4518 with a possible movements towards the 1.4503 level.

The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.4406; the resistance level 1.4421; the width of the pattern 15 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 14 points.

The Double Bottom pattern has been formed on USDCAD M5. Characteristics: the support level 1.4400; the resistance level 1.4416; the width of the pattern 16 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 15 points.

The Double Top reversal pattern has been formed on USDCAD M30. Characteristics: the upper boundary 1.4451; the lower boundary 1.4436; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.4436 with a possible movements towards the 1.4406 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 1.4436 is broken, the downward movement will continue.

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 1.4428 is broken, the downward movement will continue.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4441 and 1.4409 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 32 pips. Outlook: If the upper border 1.4441 is broken, the price is likely to continue its move by 1.4442.

The Triple Top pattern has formed on the chart of the USDCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.4408/1.4411 with the upper limit 1.4436/1.4436; the projection of the width is 28 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.4408, the price is most likely to continue the downward movement.

The Double Top pattern has been formed on USDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4402 is broken, the downward movement will continue.