EUR/CAD – 30M – BUYBesides a ‘Inverted Hammer’ candlestick pattern is detected. The chart forms ‘Inverted Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49734 |
| Next High | 1.49290 |
| Current Price | 1.48964 |
| Next Low | 1.48730 |
| 2nd Low | 1.48325 |
| 3rd Low | 1.47883 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Inverted Hammer