FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M5, AUDCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9718 - 0.0000 and support 0.9710 – 0.9710. In case the resistance level 0.9710 - 0.9710 is broken, the instrument is likely to follow the bearish trend.

The Bearish Flag pattern has been formed on the chart AUDCAD M15. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 0.9686, traders should enter the market.

The Bearish pennant pattern has formed on the AUDCAD M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 0.9686 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on AUDCAD M5. Characteristics: the support level 0.9686; the resistance level 0.9716; the width of the pattern 30 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 30 points.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9719/0.9729 whereas the upper border goes across 0.9742/0.9729. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of AUDCAD will breach the upper border to head for 0.9744.

On the chart of AUDCAD H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9746; the lower boundary 0.9722; the width of the pattern 24 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9682 level.

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9747; the lower boundary 0.9722; the width of the pattern is 24 points. Sell trades are better to be opened below the lower boundary 0.9722 with a possible movements towards the 0.9692 level.

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 0.9684 is broken, the downward movement will continue.

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 0.9693.

The Double Bottom pattern has been formed on AUDCAD M5; the upper boundary is 0.9665; the lower boundary is 0.9649. The width of the pattern is 15 points. In case of a break of the upper boundary 0.9665, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.