EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards

A bullish movement up to the next resistance at 1.62815 is considered certain.

Caution: A possible trend reversal in the direction of support at 1.62507 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair could go up.

Then a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

Then a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62815 – 1.62873 – 1.62718 – 1.62507 – 1.62457 – 1.62151 —
1.62793 – 1.62787 —
55.06287443619 – 56.004693075806 —
– —
1.62815 – 1764819000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –