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Actual patterns
Double Bottom
The Double Bottom pattern has formed on the EURCAD M5 chart. Its support is at 1.5634, its resistance is at 1.5659, and its width is 25 points. A break above resistance may confirm a trend reversal, with the first target projected 25 points away.
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the EURCAD M5 chart. Its lower boundary passes through 1.5620/1.5641, while its upper boundary passes through 1.5661/1.5641. The pattern width is 41 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURCAD breaks below the lower boundary, the price could move toward 1.5626.
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Double Bottom
The Double Bottom pattern has formed on the EURCAD M5 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.5627. The projected move is based on the pattern width of 7 points.
Double Top
The Double Top reversal pattern has formed on the EURCAD M5 chart. Its upper boundary is at 1.5647, its lower boundary is at 1.5630, and its width is 17 points. A break below the lower boundary is likely to confirm further downward movement toward 1.5615.
Triple Bottom
The Triple Bottom pattern has formed on the EURCAD M15 chart. A break above the confirmation resistance at 1.5668 may signal a reversal from a downtrend to an uptrend.