EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 1.60286 is considered certain.
Caution: A possible change in the direction of the support level at 1.60022 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60311 |
| 2nd High | 1.60287 |
| Next High | 1.60286 |
| Current Price | 1.60271 |
| Next Low | 1.60022 |
| 2nd Low | 1.59156 |
| 3rd Low | 1.59055 |
1.60286 – 1.60287 – 1.59455 – 1.60022 – 1.59156 – 1.59055 —
1.60131 – 1.60249 —
55.867732452804 – 62.852600604207 —
1.60022 – 1778112000 —
1.60286 – 1778097600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –