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

According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.6088/1.6092 and upper border is 1.6097/1.6092. The pattern width is measured on the chart at -9 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURCAD breaches the lower border, the price could continue its move toward 1.6077.

The Double Bottom pattern has been formed on EURCAD M30. Characteristics: the support level 1.6035; the resistance level 1.6053; the width of the pattern 18 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 20 points.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.6066 and 1.6054 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 12 pips. Outlook: If the upper border 1.6066 is broken, the price is likely to continue its move by 1.6076.

The Bullish pennant graphic pattern has formed on the EURCAD M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.6080.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.6018/1.6031 whereas the upper border goes across 1.6048/1.6031. 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 EURCAD will breach the upper border to head for 1.6046.

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 1.6089, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 5 points.

According to the chart of M15, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.6093/1.6086 whereas the lower border goes across 1.6078/1.6086. The pattern width is measured on the chart at 15 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.6086 is broken, the price could continue its move toward 1.6108.

According to the chart of M5, EURCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.6093, the lower border is 1.6083. The signal means that a long position should be opened above the upper border 1.6093 of the Bullish Rectangle.

The Double Top pattern has been formed on EURCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6083 is broken, the downward movement will continue.

The Double Top pattern has been formed on EURCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6065 is broken, the downward movement will continue.