EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.48667 is expected.
Caution: A possible change in the direction of the support level at 1.48175 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48667 |
| Current Price | 1.48665 |
| Next Low | 1.48175 |
| 2nd Low | 1.47724 |
| 3rd Low | 1.47110 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers