EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.62103 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.61434 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62714 |
| 2nd High | 1.62146 |
| Next High | 1.62103 |
| Current Price | 1.61832 |
| Next Low | 1.61434 |
| 2nd Low | 1.61185 |
| 3rd Low | 1.61046 |
1.61728 – 1.62103 – 1.61666 – 1.61434 – 1.6146 – 1.61479 —
1.61697 – 1.61881 —
58.755919094938 – 62.357678688578 —
– —
1.61728 – 1767934800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –