EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance level at 1.62861 will continue.
Caution: A possible trend reversal in the direction of the support line at 1.62498 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63378 |
| 2nd High | 1.63009 |
| Next High | 1.62861 |
| Current Price | 1.62834 |
| Next Low | 1.62498 |
| 2nd Low | 1.62079 |
| 3rd Low | 1.61926 |
1.62861 – 1.63009 – 1.63378 – 1.62498 – 1.62613 – 1.62783 —
1.62660 – 1.62862 —
40.476524793482 – 58.153398145365 —
– —
1.62861 – 1763371800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – – – –