EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards
A bearish movement down to the next support line at 1.47371 will persist.
Caution: A possible change in the direction of the resistance zone at 1.48188 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48587 |
| 2nd High | 1.48246 |
| Next High | 1.48188 |
| Current Price | 1.47925 |
| Next Low | 1.47371 |
| 2nd Low | 1.47226 |
| 3rd Low | 1.47224 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low