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

The Triple Bottom pattern has been formed on USDCAD M5. It has the following characteristics: resistance level 1.3683/1.3674; support level 1.3669/1.3668; the width is 14 points. In the event of a breakdown of the resistance level of 1.3683, the price is likely to continue an upward movement at least to 1.3684.

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 1.3755 – 1.3755 and upper border 1.3762 – 1.3762. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Bullish pennant signal – Trading instrument USDCAD H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.3881, with the prospect of the next move being a projection of the flagpole height.

The Bullish pennant graphic pattern has formed on the USDCAD M15 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 1.3888.

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 1.3804 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -23 pips.