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

The Bullish Flag pattern has been formed on the chart AUDCAD M15 which signals that the upward trend will continue. Signals: а break of the peak at 0.9553 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument AUDCAD M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.9553, with the prospect of the next move being a projection of the flagpole height.

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 0.9501 is broken. The further movements will rely on the width of the current pattern 12 points.

On the chart of AUDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9535; the lower boundary 0.9519; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9504 level.

The Bearish pennant pattern has formed on the AUDCAD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.9511, a trader will be able to successfully enter the sell position.

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9596; the lower boundary 0.9570; the width of the pattern is 27 points. Sell trades are better to be opened below the lower boundary 0.9570 with a possible movements towards the 0.9540 level.

The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.9590; the lower boundary 0.9568; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 0.9568 with a possible movements towards the 0.9546 level.

According to the chart of M5, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9546/0.9567 and upper border is 0.9588/0.9567. The pattern width is measured on the chart at -42 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and AUDCAD breaches the lower border, the price could continue its move toward 0.9552.

The AUDCAD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.9622, the Neckline and the upward angle are at 0.9565/0.9572. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of AUDCAD will go towards 0.9557.

The Bullish pennant pattern is formed on the AUDCAD H1 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.9539, a further uptrend is possible.