EUR/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 1.6334 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.6334 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63532 |
| 2nd High | 1.63378 |
| Next High | 1.6334 |
| Current Price | 1.63093 |
| Next Low | 1.62522 |
| 2nd Low | 1.62465 |
| 3rd Low | 1.62094 |
1.6334 – 1.62635 – 1.62394 – 1.62522 – 1.62465 – 1.6248 —
1.63250 – 1.63075 —
64.020469100059 – 53.246733048515 —
– —
1.63340 – 1764088200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –