EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 1.6275 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.62049 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Then a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.6275 |
| Current Price | 1.62468 |
| Next Low | 1.62049 |
| 2nd Low | 1.6198 |
| 3rd Low | 1.61787 |
1.6275 – 1.62503 – 1.62681 – 1.62049 – 1.6198 – 1.62041 — 69.348135631321 – 70.365111099315 — 100 – 100 – 97.721084918666 – 98.860542459333
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – –