FX.co ★ Patterns USDCAD | US Dollar (USD) to the Canadian Dollar (CAD) Rate in the Forex market

The Double Top reversal pattern has formed on the USDCAD M5 chart. Its upper boundary is at 1.3994, its lower boundary is at 1.3987, and its width is 7 points. A short position may be considered below the lower boundary at 1.3987, with a potential target at 1.3972.

The Head and Shoulders pattern has formed on the USDCAD M5 chart. The head high is at 1.3810, while the neckline passes through 1.3802/1.3803. The pattern may reverse the current uptrend. A break below the lower neckline anchor may confirm the bearish reversal.

The Double Bottom pattern has formed on the USDCAD M5 chart. Its support is at 1.3765, its resistance is at 1.3785, and its width is 20 points. A break above resistance may confirm a trend reversal, with the first target projected 20 points away.

The Bearish Symmetrical Triangle pattern has formed on the USDCAD M30 chart. Its lower boundary passes through 1.3759/1.3775, while its upper boundary passes through 1.3793/1.3775. The pattern width is 34 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If USDCAD breaks below the lower boundary, the price could move toward 1.3745.

A Bullish Pennant continuation signal has formed on the USDCAD M5 chart. A long position may be considered above the pattern high at 1.3782, with the projected move based on the height of the flagpole.

The Bullish Rectangle has formed on the USDCAD M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 1.3806 and its support is at 1.3799. A breakout above the resistance zone at 1.3806–1.3806 is likely to signal a continuation of the bullish trend.

The Bearish Symmetrical Triangle pattern has formed on the USDCAD M5 chart. A break below the lower boundary at 1.3804 is likely to signal a continuation of the downtrend.

The Double Bottom pattern has formed on the USDCAD M5 chart. Its support is at 1.3804, its resistance is at 1.3810, and its width is 6 points. A break above resistance may confirm a trend reversal, with the first target projected 6 points away.

A Bullish Pennant continuation signal has formed on the USDCAD M5 chart. A long position may be considered above the pattern high at 1.3806, with the projected move based on the height of the flagpole.

A Bullish Pennant continuation signal has formed on the USDCAD M15 chart. A long position may be considered above the pattern high at 1.3805, with the projected move based on the height of the flagpole.