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

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9919/0.9926 whereas the upper border goes across 0.9936/0.9926. 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 0.9941.

According to the chart of M5, AUDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.9908/0.9927 whereas the upper border goes across 0.9948/0.9927. 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 0.9942.

According to the chart of M30, AUDCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.9874 is likely to encourage a continuation of the downward trend.

The Double Top reversal pattern has been formed on AUDCAD M5. Characteristics: the upper boundary 0.9934; the lower boundary 0.9931; the width of the pattern is 3 points. Sell trades are better to be opened below the lower boundary 0.9931 with a possible movements towards the 0.9916 level.

According to the chart of M30, AUDCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.9923, the lower border is 0.9907. The signal means that a long position should be opened above the upper border 0.9923 of the Bullish Rectangle.