EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 1.48428 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.48150 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48597 |
| 2nd High | 1.48465 |
| Next High | 1.48428 |
| Current Price | 1.48318 |
| Next Low | 1.48150 |
| 2nd Low | 1.48022 |
| 3rd Low | 1.47911 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold