EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.61895 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.61185 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ” indicator signal is found. The indicator shows ”. which is often a bullish signal. The currency pair is likely to rise.
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There is also a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair is likely to rise.
There is also a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62146 |
| 2nd High | 1.62069 |
| Next High | 1.61895 |
| Current Price | 1.61928 |
| Next Low | 1.61185 |
| 2nd Low | 1.61046 |
| 3rd Low | 1.60743 |
1.61666 – 1.61535 – 1.61426 – 1.61185 – 1.61046 – 1.60743 —
1.61773 – 1.61840 —
64.479730003872 – 65.300712002032 —
– —
1.61666 – 1767758400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –