EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.6275 is certain.
Caution: A possible counter-trend in the direction of the support line at 1.62157 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.6275 |
| Current Price | 1.63044 |
| Next Low | 1.62157 |
| 2nd Low | 1.62049 |
| 3rd Low | 1.6198 |
1.6275 – 1.62503 – 1.62681 – 1.62157 – 1.62049 – 1.6198 — 58.674568333327 – 61.905594135338 — 90.609485581494 – 90.140018543948 – 92.835346434925 – 91.873134357554
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – –