EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.

A continuation of the uptrend upwards to the next resistance line at 1.61355 will persist.

Caution: A possible change in the direction of the support zone at 1.60627 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.61355 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.61355 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.61308 – 1.61294 – 1.61242 – 1.60627 – 1.60717 – 1.60602 —
1.61238 – 1.61367 —
59.388474872004 – 62.830994666788 —
– —
1.61308 – 1767376800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –