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

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.5802/1.5777 whereas the lower border goes across 1.5760/1.5777. The pattern width is measured on the chart at 42 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.5777 is broken, the price could continue its move toward 1.5792.

On the chart of the EURCAD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.5767, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 31 points.

According to the chart of M5, EURCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.5785/1.5764 whereas the lower border goes across 1.5749/1.5764. The pattern width is measured on the chart at 36 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.5764 is broken, the price could continue its move toward 1.5779.

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 1.5770 is broken, the downward movement will continue.

According to the chart of M5, EURCAD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.5702 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47 pips.

On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5793; the lower boundary 1.5691; the width of the pattern 102 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.5676 level.

The Triple Top pattern has formed on the chart of the EURCAD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.5743/1.5774 with the upper limit 1.5796/1.5793; the projection of the width is 53 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.5743, the price is most likely to continue the downward movement.

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 1.5761 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the EURCAD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 14, support level -60, and pattern’s width 103. Forecast If the price breaks through the support level 1.5860, it is likely to move further down to 1.5924.

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 1.5917/1.5897 whereas the lower border goes across 1.5872/1.5897. The pattern width is measured on the chart at 45 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.5897 is broken, the price could continue its move toward 1.5920.