Buy EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance level at 1.57886 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.57711 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 1.59508
2nd High 1.58434
Next High 1.57886
Current Price 1.57913
Next Low 1.57711
2nd Low 1.57019
3rd Low 1.56974

1.57641 – 1.57289 – 1.57757 – 1.57711 – 1.57019 – 1.56974

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals