EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.

A continuation of the uptrend up to the next resistance line at 1.61535 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.61046 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.61535 – 1.61426 – 1.61267 – 1.61046 – 1.60743 – 1.60627 —
1.61643 – 1.61551 —
69.218735948607 – 50.868562562787 —
– —
1.61535 – 1767677400

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