EUR/CAD – 1H – BUYThe combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 1.48347 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.49633 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bullish Harami’ candle pattern is discovered. The candles show ‘Bullish Harami’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49734 |
| Next High | 1.49633 |
| Current Price | 1.49382 |
| Next Low | 1.48347 |
| 2nd Low | 1.48205 |
| 3rd Low | 1.47371 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Harami