EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 1.60640 is certain.

Caution: A possible counter-trend in the direction of support at 1.59372 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The pair is likely to go up.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.60640 – 1.59603 – 1.58491 – 1.59372 – 1.59114 – 1.58741

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji –