EUR/CAD – 30M – BUYAlso there is a ‘Inverse Head and Shoulder chart pattern’ chart layout is detected. The chart picture shows ‘Inverse Head and Shoulder chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 1.61434 |
| 2nd High | 1.61155 |
| Next High | 1.60819 |
| Current Price | 1.60524 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.60819 – 1.60526 – 1.60717 – 1.60262 – 1.60334 – 1.60272 — 52.011366039843 – 46.741749475511 — 22.64514819326 – 22.64514819326 – 20.486162229445 – 21.582755232965
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – –