EUR/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.62717 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.62612 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62717 |
| 2nd High | 1.62693 |
| Next High | 1.62612 |
| Current Price | 1.62534 |
| Next Low | 1.62327 |
| 2nd Low | 1.61948 |
| 3rd Low | 1.61678 |
1.62612 – 1.6221 – 1.62693 – 1.62327 – 1.61948 – 1.61678 —
1.62532 – 1.62519 —
57.336817419446 – 53.12893339827 —
– —
1.62612 – 1764603000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –