EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.60631 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
Besides a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.60913 |
| Next High | 1.60631 |
| Current Price | 1.60641 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.60631 – 1.60539 – 1.60913 – 1.59976 – 1.60104 – 1.59422
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji –