EUR/CAD – 1H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance at 1.63378 is likely expected.

Caution: A possible change in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.63378 – 1.62557 – 1.63101 – 1.62498 – 1.62079 – 1.61926 —
1.62692 – 1.62866 —
37.330789844256 – 50.049223914862 —
– —
1.63378 – 1763132400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – –