EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance level at 1.62716 is expected.

Caution: A possible change in the direction of the support line at 1.62151 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Also there is a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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).

1.62716 – 1.6257 – 1.62612 – 1.62151 – 1.62454 – 1.62395 —
1.62506 – 1.62601 —
54.674544049047 – 62.838817939432 —
– —
1.62716 – 1764685800

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