EUR/CAD – 30M – BUYFurthermore a ‘Double bottom chart pattern’ chart pattern is found. The formation shows ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The 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 | 1.62035 |
| 2nd High | 1.61434 |
| Next High | 1.61155 |
| Current Price | 1.60933 |
| Next Low | 1.60129 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60922 – 1.60819 – 1.60526 – 1.60129 – 1.60287 – 1.60262 — 51.017335396892 – 61.525603134794 — 92.728752777594 – 100 – 89.277568770672 – 93.426909848268
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – –