EUR/CAD – 1H – BUY

In addition a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance at 1.62804 is considered certain.

Caution: A possible trend reversal in the direction of support at 1.62094 could occur.
Consider stop-loss settings accordingly.

In addition a ” indicator layout is found. The indicator is ”. which is often a bullish chart signal. The currency pair is likely to rise.

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In addition a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. 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).

1.62804 – 1.62691 – 1.62334 – 1.62094 – 1.6175 – 1.61791 —
1.62299 – 1.62611 —
48.428941328657 – 61.384063658775 —
– —
1.62804 – 1763719200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –