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

According to the chart of M15, USDCAD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.3888 – 1.3888 and upper border 1.3903 – 1.3903. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M5, USDCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.3903, the lower border is 1.3888. The signal means that a short position should be opened after fixing a price below the lower border 1.3888 of the Bearish Rectangle.

According to the chart of M15, USDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.3852/1.3831 whereas the lower border goes across 1.3804/1.3831. The pattern width is measured on the chart at 48 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.3831 is broken, the price could continue its move toward 1.3853.

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3804/1.3831 whereas the upper border goes across 1.3852/1.3831. 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 USDCAD will breach the upper border to head for 1.3846.

The Triple Top pattern has formed on the chart of the USDCAD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 3, support level -9, and pattern’s width 16. Forecast If the price breaks through the support level 1.3832, it is likely to move further down to 1.3817.