EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 1.62623 is expected.
Caution: A possible trend reversal in the direction of support at 1.61432 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63174 |
| 2nd High | 1.62714 |
| Next High | 1.62623 |
| Current Price | 1.61598 |
| Next Low | 1.61432 |
| 2nd Low | 1.61319 |
| 3rd Low | 1.61066 |
1.62623 – 1.61653 – 1.6168 – 1.61432 – 1.62002 – 1.61319 —
1.61578 – 1.61537 —
41.124589110732 – 39.980296854567 —
– —
1.62623 – 1768923000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –