Buy EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards

A bearish trend downwards to the next support at 1.49108 is expected.

Caution: A possible change in the direction of the resistance level at 1.50378 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. which is a bullish 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’ heading up is 82%.

Support & Resistance Price Range*
3rd High 1.50590
2nd High 1.50501
Next High 1.50378
Current Price 1.49308
Next Low 1.49108
2nd Low 1.49090
3rd Low 1.48752

Download EUR/CAD Signal Image

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