EUR/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.56642916 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.56649 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.
In addition a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. 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 | 1.56919 |
| 2nd High | 1.56848 |
| Next High | 1.56649 |
| Current Price | 1.56579 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.56649 – 1.56848 – 1.56838 – 1.56227 – 1.55979 – 1.56050
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji