EUR/CAD – 1H – BUYThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.62565 will continue.
Caution: A possible trend reversal in the direction of the support zone at 1.61906 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62565 |
| Current Price | 1.62551 |
| Next Low | 1.61906 |
| 2nd Low | 1.60262 |
| 3rd Low | 1.59283 |
1.62434 – 1.62565 – 1.60819 – 1.61906 – 1.60262 – 1.60272 — 57.410384230699 – 68.152546844881 — 58.350440217143 – 89.507777929839 – 48.351139453893 – 62.063050308972
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom retreat down – –