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

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4233 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on USDCAD M15. 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 1.4318 is broken. The further movements will rely on the width of the current pattern 102 points.

The Double Bottom pattern has been formed on USDCAD M5; the upper boundary is 1.4318; the lower boundary is 1.4214. The width of the pattern is 102 points. In case of a break of the upper boundary 1.4318, 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 M5, USDCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.4333 and 1.4290 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 43 pips. Outlook: If the upper border 1.4333 is broken, the price is likely to continue its move by 1.4325.

According to the chart of M5, USDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.4317 – 1.4317 and upper border 1.4331 – 1.4331. In case the upper border is broken, the instrument is likely to follow the upward trend.