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

EURCAD M5

Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURCAD M5. Forecast: if the price breaks above the pattern high at 1.4153, then traders will be able to place a long deal with the target at 1.4188.
2022-12-02

EURCAD M5

Bullish pennant
The Bullish pennant graphic pattern has formed on the EURCAD M5 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 1.4188.
2022-12-02

EURCAD M15

Triple Top
On the chart of the EURCAD M15 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 1.4076, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 66 points.
2022-12-02

EURCAD M15

Triple Top
On the chart of the EURCAD M15 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 1.4130, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 22 points.
2022-12-02

EURCAD M30

Triple Top
On the chart of the EURCAD M30 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 1.4076, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 66 points.
2022-12-02

EURCAD M15

Triple Top
On the chart of the EURCAD M15 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 1.4076, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 66 points.
2022-12-01

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 1.4119/1.4135 with the upper limit 1.4148/1.4146; the projection of the width is 29 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 1.4119, the price is most likely to continue the downward movement.
2022-12-01

EURCAD M5

Double Top
The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.4021; the lower boundary 1.3960; the width of the pattern is 60 points. Sell trades are better to be opened below the lower boundary 1.3960 with a possible movements towards the 1.3945 level.
2022-12-01

EURCAD M5

Double Top
On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4007; the lower boundary 1.3958; the width of the pattern 49 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3943 level.
2022-12-01

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 1.4018 is likely to encourage a continuation of the downward trend.
2022-11-30