Buy EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance level at 1.57524 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 1.56074 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Support & Resistance Price Range*
3rd High 1.58093
2nd High 1.57532
Next High 1.57524
Current Price 1.56584
Next Low 1.56074
2nd Low 1.55757
3rd Low 1.55756

1.56473 – 1.56580 – 1.57524 – 1.56074 – 1.55757 – 1.55756

Download EUR/CAD Signal Image

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