EUR/CAD – 4H – BUYFurthermore a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.62974362 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.6334 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6403 |
| 2nd High | 1.63406 |
| Next High | 1.6334 |
| Current Price | 1.62552 |
| Next Low | 1.61678 |
| 2nd Low | 1.61389 |
| 3rd Low | 1.61154 |
1.6334 – 1.63406 – 1.62557 – 1.61678 – 1.61738 – 1.61926 —
1.62585 – 1.62507 —
49.068830617214 – 47.563604506869 —
– —
1.63340 – 1764086400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –