EUR/CAD – 30M – BUY

Also there is a ‘Double bottom chart pattern’ chart pattern is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance at 1.61565 is considered certain.

Caution: A possible change in the direction of the support level at 1.61046 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).

1.61565 – 1.61823 – 1.6174 – 1.61206 – 1.61184 – 1.61139 —
1.61456 – 1.61173 —
54.846999957339 – 35.543235909036 —
– —
1.61565 – 1768581000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –