EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.

An ascending movement up to the next resistance line at 1.62941 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.62539 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

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

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

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

1.62941 – 1.63176 – 1.63154 – 1.62539 – 1.62692 – 1.628 —
1.62691 – 1.62692 —
32.473521422765 – 42.26712992637 —
1.62539 – 1764241200 —
1.62941 – 1764214200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –