FX.co ★ Modèles réels. Analyse technique et recommandations de trading

According to the chart of M5, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5153 - 0.0000 and support 1.5146 – 1.5146. In case the resistance level 1.5146 - 1.5146 is broken, the instrument is likely to follow the bearish trend.

The Double Top pattern has been formed on EURCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.5157 is broken, the downward movement will continue.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.5140 and 1.5082 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 58 pips. Outlook: If the upper border 1.5140 is broken, the price is likely to continue its move by 1.5127.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.5108 and 1.5090 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 18 pips. Outlook: If the upper border 1.5108 is broken, the price is likely to continue its move by 1.5114.

The Double Top reversal pattern has been formed on EURCAD M5. Characteristics: the upper boundary 1.5106; the lower boundary 1.5098; the width of the pattern is 7 points. Sell trades are better to be opened below the lower boundary 1.5098 with a possible movements towards the 1.5083 level.