EUR/CAD – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 1.62068 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 1.61473 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62068 – 1.62623 – 1.6168 – 1.61473 – 1.61432 – 1.61319 —
1.62050 – 1.61580 —
64.368591197393 – 25.245906448879 —
– —
1.62068 – 1769130000

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