EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.62681 is certain.
Caution: A possible trend reversal in the direction of the support zone at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.
In addition a ‘Bullish Belt Hold’ candle pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62681 |
| Current Price | 1.62318 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62681 – 1.62434 – 1.62575 – 1.62049 – 1.6198 – 1.62041 — 41.970227415546 – 50.182164844081 — 0 – 12.378666425132 – 18.297446109896 – 9.8794389526966
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – –