EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 1.49925 will persist.
Caution: A possible change in the direction of the support level at 1.49646 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51400 |
| 2nd High | 1.49996 |
| Next High | 1.49925 |
| Current Price | 1.50182 |
| Next Low | 1.49646 |
| 2nd Low | 1.49301 |
| 3rd Low | 1.49205 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers