EUR/CAD – 1H – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 1.61823 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.61126 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.
Besides a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Besides a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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 | 1.61981 |
| 2nd High | 1.61874 |
| Next High | 1.61823 |
| Current Price | 1.61601 |
| Next Low | 1.61126 |
| 2nd Low | 1.61046 |
| 3rd Low | 1.60627 |
1.61823 – 1.61874 – 1.61981 – 1.61126 – 1.61408 – 1.61599 —
1.61456 – 1.61516 —
49.04115757756 – 52.771333642435 —
– —
1.61823 – 1768474800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –