logo

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

EURCAD M15

Double Top
The Double Top pattern has been formed on EURCAD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4962 is broken, the downward movement will continue.
2021-04-13

EURCAD M5

Triple Top
The Triple Top pattern has formed on the chart of the EURCAD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.4962/1.4964 with the upper limit 1.4973/1.4973; the projection of the width is 11 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.4962, the price is most likely to continue the downward movement.
2021-04-13

EURCAD M5

Bearish Rectangle
According to the chart of M5, EURCAD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.4921, the lower border is 1.4912. The signal means that a short position should be opened after fixing a price below the lower border 1.4912 of the Bearish Rectangle.
2021-04-09

EURCAD M5

Double Bottom
The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.4964; the resistance level 1.5001; the width of the pattern 37 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 36 points.
2021-04-09

EURCAD M5

Bullish Symmetrical Triangle
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 1.4998/1.4984 whereas the lower border goes across 1.4963/1.4984. The pattern width is measured on the chart at 35 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.4984 is broken, the price could continue its move toward 1.
2021-04-08

EURCAD M5

Bearish Symmetrical Triangle
According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.4944 is likely to encourage a continuation of the downward trend.
2021-04-08

EURCAD M15

Triple Bottom
The Triple Bottom pattern has formed on the chart of EURCAD M15. Features of the pattern: The lower line of the pattern has coordinates 1.4981 with the upper limit 1.4981/1.4975, the projection of the width is 18 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.4963, the price is most likely to continue the upward movement.
2021-04-08

EURCAD M5

Head and Shoulders
According to the chart of M5, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5036 while the median line of the Neck is found at 1.4995/1.4997. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURCAD will go towards 1.4982.
2021-04-07

EURCAD M15

Triple Top
The Triple Top pattern has formed on the chart of the EURCAD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6, support level -4, and pattern’s width 17. Forecast If the price breaks through the support level 1.4920, it is likely to move further down to 1.4914.
2021-04-07

EURCAD M5

Double Top
On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4942; the lower boundary 1.4935; the width of the pattern 7 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4920 level.
2021-04-07