FX.co ★ Actual patterns. Technical analysis and trading recommendations

According to the chart of M15, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.6093/1.6086 whereas the lower border goes across 1.6078/1.6086. The pattern width is measured on the chart at 15 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.6086 is broken, the price could continue its move toward 1.6108.

According to the chart of M5, EURCAD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.6093, the lower border is 1.6083. The signal means that a long position should be opened above the upper border 1.6093 of the Bullish Rectangle.

The Double Top pattern has been formed on EURCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6083 is broken, the downward movement will continue.

The Double Top pattern has been formed on EURCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.6065 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. 1.6077 and 1.6062 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 15 pips. Outlook: If the upper border 1.6077 is broken, the price is likely to continue its move by 1.6083.