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

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3628/1.3622 whereas the lower border goes across 1.3618/1.3622. The pattern width is measured on the chart at 10 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3622 is broken, the price could continue its move toward 1.3637.

The Double Bottom pattern has been formed on USDCAD H1. Characteristics: the support level 1.3589; the resistance level 1.3659; the width of the pattern 70 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 70 points.

The Double Bottom pattern has been formed on USDCAD M30. Characteristics: the support level 1.3589; the resistance level 1.3659; the width of the pattern 70 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 70 points.

According to the chart of M5, USDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3679, the lower border is 1.3673. The signal means that a long position should be opened above the upper border 1.3679 of the Bullish Rectangle.

According to the chart of M30, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3689 and 1.3656 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 33 pips. Outlook: If the upper border 1.3689 is broken, the price is likely to continue its move by 1.3699.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.3668 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -15 pips.

The Double Bottom pattern has been formed on USDCAD M15; the upper boundary is 1.3693; the lower boundary is 1.3680. The width of the pattern is 14 points. In case of a break of the upper boundary 1.3693, 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.

According to the chart of M30, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3684/1.3663 whereas the lower border goes across 1.3639/1.3663. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3663 is broken, the price could continue its move toward 1.3693.

The Bullish pennant signal – Trading instrument USDCAD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3671, with the prospect of the next move being a projection of the flagpole height.

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 1.3669/1.3674 with the upper limit 1.3690/1.3688; the projection of the width is 21 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 1.3669, the price is most likely to continue the downward movement.