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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 1.6133 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the EURCAD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -2, support level -10, and pattern’s width 14. Forecast If the price breaks through the support level 1.6141, it is likely to move further down to 1.6141.

According to the chart of M30, EURCAD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.6137 is likely to encourage a continuation of the downward trend.

According to the chart of M30, EURCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.6017 – 1.6017 and upper border 1.6038 – 1.6038. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, EURCAD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.6017 – 1.6017 and upper border 1.6038 – 1.6038. In case the upper border is broken, the instrument is likely to follow the upward trend.