EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline up.

A continuation of the upward movement up to the next resistance line at 1.59881 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.59220 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. 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).

1.59881 – 1.60034 – 1.59781 – 1.59220 – 1.5919 – 1.59158 —
1.59273 – 1.59321 —
39.761028694266 – 43.233122877899 —
1.59220 – 1777678200 —
1.59881 – 1777654800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –