EUR/CAD – 30M – BUYNext a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50378 |
| 2nd High | 1.49791 |
| Next High | 1.49400 |
| Current Price | 1.48885 |
| Next Low | 1.48358 |
| 2nd Low | 1.48319 |
| 3rd Low | 1.47687 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing