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

The Double Bottom pattern has been formed on EURCAD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.6130 is broken. The further movements will rely on the width of the current pattern 77 points.

The Double Bottom pattern has been formed on EURCAD M30; the upper boundary is 1.6130; the lower boundary is 1.6053. The width of the pattern is 77 points. In case of a break of the upper boundary 1.6130, 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 M15; the upper boundary is 1.6130; the lower boundary is 1.6053. The width of the pattern is 77 points. In case of a break of the upper boundary 1.6130, 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 Triple Bottom pattern has formed on the chart of the EURCAD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.6070/1.6061.

On the chart of EURCAD D1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.6271; the lower boundary 1.6127; the width of the pattern 144 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.6087 level.

The Bearish Flag pattern has been formed on the chart EURCAD M15 which signals that the downward trend will continue. If the price breaks below the low at 1.6064, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).

The Bearish pennant pattern has formed on the EURCAD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.6064, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on the chart EURCAD M15 which signals that the downward trend will continue. If the price breaks below the low at 1.6064, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (15 points).

The Bearish pennant pattern has formed on the EURCAD M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.6064, a trader will be able to successfully enter the sell position.

The Double Bottom pattern has been formed on EURCAD M15; the upper boundary is 1.6104; the lower boundary is 1.6097. The width of the pattern is 7 points. In case of a break of the upper boundary 1.6104, 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.