EUR/CAD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 1.62567 will persist.

Caution: A possible counter-trend in the direction of support at 1.62034 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Besides a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62567 – 1.62432 – 1.61995 – 1.62034 – 1.60746 – 1.60684 —
1.62525 – 1.62452 —
59.977571763111 – 47.553807272234 —
– —
1.62567 – 1781625600

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