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

On the chart of AUDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9151; the lower boundary 0.9135; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9112 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 0.9135 is broken, the downward movement will continue.

According to the chart of M15, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9152 and support 0.9135. In case the resistance level 0.9152 - 0.9152 is broken, the instrument is likely to follow the bullish trend.

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 0.9136 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on AUDCAD M15. Characteristics: the upper boundary 0.9127; the lower boundary 0.9108; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 0.9108 with a possible movements towards the 0.9086 level.

According to the chart of M5, AUDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.9120 while the median line of the Neck is found at 0.9103/0.9110. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of AUDCAD will go towards 0.9135

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 0.9114 is broken, the downward movement will continue.

On the chart of AUDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9105; the lower boundary 0.9084; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9061 level.

The Double Top reversal pattern has been formed on AUDCAD M30. Characteristics: the upper boundary 0.9105; the lower boundary 0.9097; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 0.9097 with a possible movements towards the 0.9067 level.

According to the chart of M15, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9087 – 0.9087 and upper border 0.9097 – 0.9097. In case the upper border is broken, the instrument is likely to follow the upward trend.