EUR/CAD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 1.63095 will persist.

Caution: A possible trend reversal in the direction of support at 1.62465 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ” indicator layout is detected. The indicator shows ”. this is usually a bullish chart signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62906 – 1.62804 – 1.62691 – 1.62465 – 1.62094 – 1.6175 —
1.62574 – 1.63102 —
51.853965226253 – 68.468804165296 —
– —
1.62906 – 1763992800

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