EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 1.61666 is expected.
Caution: A possible change in the direction of the support zone at 1.61046 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘RSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘RSI Hidden Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘MACD Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
And also a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61791 |
| 2nd High | 1.61783 |
| Next High | 1.61666 |
| Current Price | 1.61457 |
| Next Low | 1.61046 |
| 2nd Low | 1.60627 |
| 3rd Low | 1.60602 |
1.61666 – 1.61535 – 1.61308 – 1.61046 – 1.60627 – 1.60717 —
1.61592 – 1.61370 —
59.614174748776 – 42.699518972104 —
– —
1.61666 – 1767758400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –