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Actual patterns
Double Top
The Double Top pattern has formed on the USDCAD M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.3949 is likely to confirm further downward movement.
Double Top
The Double Top pattern has formed on the USDCAD M30 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.3977 is likely to confirm further downward movement.
Bullish Flag
The Bullish Flag continuation pattern has formed on the USDCAD M5 chart. If the price breaks above the pattern high at 1.3982, a long position may be considered with a target at 1.3997.
Bearish Rectangle
The Bearish Rectangle has formed on the USDCAD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.3969–1.3969 and the upper boundary at 1.3982–1.3982. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
Double Bottom
The Double Bottom pattern has formed on the USDCAD M5 chart. Its support is at 1.3970, its resistance is at 1.3981, and its width is 11 points. A break above resistance may confirm a trend reversal, with the first target projected 12 points away.