EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance at 1.62623 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.61319 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.

Besides a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62623 – 1.61653 – 1.6168 – 1.61319 – 1.61323 – 1.61066 —
1.62187 – 1.62195 —
53.061941286291 – 54.112023454296 —
– —
1.62623 – 1768923000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –