EUR/CAD – 30M – BUYThere is also a ‘Double bottom chart pattern’ chart pattern is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.61666 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.61185 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61791 |
| 2nd High | 1.61783 |
| Next High | 1.61666 |
| Current Price | 1.61732 |
| Next Low | 1.61185 |
| 2nd Low | 1.61046 |
| 3rd Low | 1.60743 |
1.61666 – 1.61535 – 1.61426 – 1.61185 – 1.61046 – 1.60743 —
1.61487 – 1.61728 —
51.063860312611 – 62.567971093422 —
– —
1.61666 – 1767758400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –