EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 1.62394 is certain.
Caution: A possible reversal of the trend in the direction of the support line at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘Latter Bottom’ candlestick pattern is existing. The candles form ‘Latter Bottom’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62804 |
| 2nd High | 1.62551 |
| Next High | 1.62394 |
| Current Price | 1.62355 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62394 – 1.62551 – 1.62804 – 1.62094 – 1.62406 – 1.6175 —
1.62240 – 1.62338 —
41.058262113463 – 53.354744723402 —
– —
1.62394 – 1763767800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Latter Bottom – – – – – – – – –