Buy EUR/CAD – 4H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.

A bearish movement down to the next support line at is expected.

Caution: A possible change in the direction of resistance at 1.59602 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High
Next High 1.59602
Current Price 1.57375
Next Low
2nd Low
3rd Low

1.59602 – 1.58520 – 1.59319 – 1.56665 – 1.56944 – 1.56714

Download EUR/CAD Signal Image

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