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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 1.6065 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 1.6065, with the prospect of the next move being a projection of the flagpole height.

On the chart of the EURCAD M30 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 1.5991, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 41 points.

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 1.5991/1.6011 with the upper limit 1.6032/1.6038; the projection of the width is 41 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 1.5991, the price is most likely to continue the downward movement.

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 1.5991/1.6012 with the upper limit 1.6032/1.6032; the projection of the width is 41 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 1.5991, the price is most likely to continue the downward movement.

The Bullish pennant graphic pattern has formed on the EURCAD M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.6035.

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 1.5949/1.5938 whereas the lower border goes across 1.5930/1.5938. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.5938 is broken, the price could continue its move toward 1.5953.

The Double Bottom pattern has been formed on EURCAD M5. Characteristics: the support level 1.5910; the resistance level 1.5922; the width of the pattern 12 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 13 points.

On the chart of EURCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.5924; the lower boundary 1.5913; the width of the pattern 11 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.5898 level.

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 1.5926 - 0.0000 and support 1.5905 – 1.5905. In case the resistance level 1.5905 - 1.5905 is broken, the instrument is likely to follow the bearish trend.