EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 1.61728 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.6146 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Moreover a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62146 |
| 2nd High | 1.62103 |
| Next High | 1.61728 |
| Current Price | 1.61602 |
| Next Low | 1.6146 |
| 2nd Low | 1.61185 |
| 3rd Low | 1.61046 |
1.61728 – 1.62103 – 1.61666 – 1.6146 – 1.61479 – 1.61185 —
1.61560 – 1.61658 —
39.374879176182 – 50.893095855943 —
– —
1.61728 – 1767934800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –