EUR/CAD – 30M – BUYMoreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.61465 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.61701 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61722 |
| 2nd High | 1.61711 |
| Next High | 1.61701 |
| Current Price | 1.61400 |
| Next Low | 1.61229 |
| 2nd Low | 1.61205 |
| 3rd Low | 1.61119 |
1.61701 – 1.61601 – 1.61646 – 1.61229 – 1.61295 – 1.61416 —
1.61322 – 1.61382 —
39.62065633213 – 43.710721367128 —
– —
1.61701 – 1772125200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –