FX.co ★ Patterns EURCAD | Euro (EUR) to Canadian Dollar (CAD) Rate in the Forex market

The Double Bottom pattern has been formed on EURCAD M15; the upper boundary is 1.4803; the lower boundary is 1.4782. The width of the pattern is 20 points. In case of a break of the upper boundary 1.4803, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.4783; the resistance level 1.4803; the width of the pattern 20 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 21 points.

The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.4847; the lower boundary 1.4834; the width of the pattern is 13 points. Sell trades are better to be opened below the lower boundary 1.4834 with a possible movements towards the 1.4819 level.

On the chart of the EURCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.4834, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 9 points.

According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4885 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the EURCAD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.4920 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.4984/1.4968 whereas the lower border goes across 1.4957/1.4968. The pattern width is measured on the chart at 27 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.4968 is broken, the price could continue its move toward 1.4983.

The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.4929; the lower boundary is 1.4916. The width of the pattern is 13 points. In case of a break of the upper boundary 1.4929, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURCAD M5; the upper boundary is 1.4927; the lower boundary is 1.4916. The width of the pattern is 10 points. In case of a break of the upper boundary 1.4927, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, EURCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.4929 – 1.4929 and upper border 1.4957 – 1.4957. In case the upper border is broken, the instrument is likely to follow the upward trend.