EUR/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.61032672 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.61062 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61487 |
| 2nd High | 1.61221 |
| Next High | 1.61062 |
| Current Price | 1.60876 |
| Next Low | 1.60642 |
| 2nd Low | 1.60423 |
| 3rd Low | 1.60379 |
1.61062 – 1.61221 – 1.60932 – 1.60642 – 1.60423 – 1.60448 —
1.60793 – 1.60833 —
48.709286524783 – 53.363030092282 —
– —
1.61062 – 1780083000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –