EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 1.61567 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.61055 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63936 |
| 2nd High | 1.62013 |
| Next High | 1.61567 |
| Current Price | 1.61360 |
| Next Low | 1.61055 |
| 2nd Low | 1.60742 |
| 3rd Low | 1.60627 |
1.61567 – 1.62013 – 1.63936 – 1.61055 – 1.6111 – 1.60742 —
1.61290 – 1.61329 —
44.283761078969 – 49.724698297128 —
– —
1.61567 – 1770116400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –