EUR/CAD – 30M – BUYAdditionally a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Additionally a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57598 |
| 2nd High | 1.57125 |
| Next High | 1.57043 |
| Current Price | 1.56035 |
| Next Low | 1.55656 |
| 2nd Low | 1.55033 |
| 3rd Low | 1.54911 |
1.57043 – 1.57125 – 1.57598 – 1.56084 – 1.56613 – 1.56831
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji