EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 1.62068 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.61473 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.61971 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.62068 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘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).

1.62068 – 1.62066 – 1.62623 – 1.61473 – 1.61432 – 1.62002 —
1.61937 – 1.61593 —
40.134861100965 – 28.457635303149 —
– —
1.62068 – 1769130000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –