FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M30, AUDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.9065/0.9093 and upper border is 0.9127/0.9093. The pattern width is measured on the chart at -62 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 0.9063.

According to the chart of M5, AUDCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.9110 – 0.9110 and upper border 0.9119 – 0.9119. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.9119; the lower boundary 0.9100; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 0.9100 with a possible movements towards the 0.9085 level.

The Bullish pennant graphic pattern has formed on the AUDCAD M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 0.9134.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9079/0.9088 whereas the upper border goes across 0.9099/0.9088. 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 AUDCAD will breach the upper border to head for 0.9103.