EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.49533 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.48325 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Tri-Star’ chart pattern is detected. The candles show ‘Bullish Tri-Star’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49996 |
| 2nd High | 1.49907 |
| Next High | 1.49533 |
| Current Price | 1.49586 |
| Next Low | 1.48325 |
| 2nd Low | 1.47883 |
| 3rd Low | 1.47371 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Tri-Star