EUR/CAD – 30M – SELLAdditionally a ‘Double top retreat up’ chart pattern is found. The chart picture shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to rise.
The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
The bearish trend down to the next support level at 1.62692 will persist.
Caution: A possible change in the direction of resistance at 1.62941 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63176 |
| Next High | 1.62941 |
| Current Price | 1.62699 |
| Next Low | 1.62692 |
| 2nd Low | 1.62522 |
| 3rd Low | 1.62465 |
1.62941 – 1.63176 – 1.63154 – 1.62692 – 1.628 – 1.62972 —
1.62718 – 1.62697 —
40.28219646055 – 44.409273746474 —
– —
1.62941 – 1764214200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – Double top retreat up – – – – – – – –