EUR/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.498975 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.50308 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Tri-Star’ chart pattern is found. The candles form ‘Bullish Tri-Star’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51400 |
| 2nd High | 1.50590 |
| Next High | 1.50308 |
| Current Price | 1.49566 |
| Next Low | 1.49301 |
| 2nd Low | 1.49205 |
| 3rd Low | 1.48758 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Tri-Star