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

According to the chart of M15, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9178 and support 0.9163. In case the resistance level 0.9178 - 0.9178 is broken, the instrument is likely to follow the bullish trend.

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 0.9164 – 0.9164 and upper border 0.9178 – 0.9178. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of AUDCAD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.9151; the lower boundary 0.9135; the width of the pattern 16 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.9112 level.

The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.9135 is broken, the downward movement will continue.

According to the chart of M15, AUDCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.9152 and support 0.9135. In case the resistance level 0.9152 - 0.9152 is broken, the instrument is likely to follow the bullish trend.