FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.4326/1.4396 whereas the upper border goes across 1.4465/1.4396. 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 USDCAD will breach the upper border to head for 1.4436.

According to the chart of H1, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.4320/1.4404 whereas the upper border goes across 1.4465/1.4404. 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 USDCAD will breach the upper border to head for 1.4444.

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 1.4465/1.4404 whereas the lower border goes across 1.4320/1.4404. The pattern width is measured on the chart at 145 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.4404 is broken, the price could continue its move toward 1.4434.

On the chart of the USDCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.4364, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 22 points.

The Bearish pennant pattern has formed on the USDCAD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.4405 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.