EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 1.61361 is certain.
Caution: A possible change in the direction of the support line at 1.60884 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.61813 |
| Next High | 1.61361 |
| Current Price | 1.60956 |
| Next Low | 1.60884 |
| 2nd Low | 1.60647 |
| 3rd Low | 1.60135 |
1.61361 – 1.61813 – 1.61722 – 1.60884 – 1.60647 – 1.60135 — 43.148165893574 – 44.885640859 — 60.151389782722 – 69.198001900034 – 48.946298509597 – 60.366931241253
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – –