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

The Double Bottom pattern has been formed on USDCAD M30. 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 1.3977 is broken. The further movements will rely on the width of the current pattern 23 points.

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 1.3951 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -63 pips.

The Double Bottom pattern has been formed on USDCAD M30. 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 1.3966 is broken. The further movements will rely on the width of the current pattern 16 points.

The Double Bottom pattern has been formed on USDCAD H1. Characteristics: the support level 1.3950; the resistance level 1.3966; the width of the pattern 16 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 16 points.

According to the chart of M5, USDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4002 is likely to encourage a continuation of the downward trend.