EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 1.47687 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.48941 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Bottom’ candle pattern is detected. The chart shows ‘Tweezers Bottom’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49791 |
| 2nd High | 1.49362 |
| Next High | 1.48941 |
| Current Price | 1.48409 |
| Next Low | 1.47687 |
| 2nd Low | 1.47595 |
| 3rd Low | 1.47371 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Bottom