EUR/CAD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.57601 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.57601 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57937 |
| 2nd High | 1.57689 |
| Next High | 1.57601 |
| Current Price | 1.57341 |
| Next Low | 1.56543 |
| 2nd Low | 1.56202 |
| 3rd Low | 1.56118 |
1.57601 – 1.57017 – 1.57467 – 1.56543 – 1.56619 – 1.56202 —
1.57419 – 1.57281 —
57.893154324447 – 50.844262131814 —
– —
1.57601 – 1773698400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –