EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 1.6275 will continue.
Caution: A possible change in the direction of the support zone at 1.62157 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.6275 |
| Current Price | 1.63064 |
| Next Low | 1.62157 |
| 2nd Low | 1.62049 |
| 3rd Low | 1.6198 |
1.6275 – 1.62503 – 1.62681 – 1.62157 – 1.62049 – 1.6198 — 59.398012026981 – 64.143896239682 — 3.587477391807 – 15.968376498667 – 15.585875768787 – 10.250133010387
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – –