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The Bullish Flag pattern has been formed on the chart EURCAD M5 which signals that the upward trend will continue. Signals: а break of the peak at 1.5770 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument EURCAD M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 1.5770, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M30, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.5802/1.5739 whereas the lower border goes across 1.5694/1.5739. The pattern width is measured on the chart at 108 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.5739 is broken, the price could continue its move toward 1.5769.

On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5778; the lower boundary 1.5752; the width of the pattern 26 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.5737 level.

According to M15, EURCAD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.5746/1.5739 is broken out, the instrument is likely to move toward 1.5761.