EUR/CAD – 30M – BUYAnd also a ‘Double bottom chart pattern’ chart formation is detected. The formation shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to go up.
And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.60922 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.60922 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61434 |
| 2nd High | 1.61155 |
| Next High | 1.60922 |
| Current Price | 1.60939 |
| Next Low | 1.60129 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60922 – 1.60819 – 1.60526 – 1.60129 – 1.60287 – 1.60262 — 58.89586365465 – 64.750273149467 — 51.900032456994 – 59.492904859935 – 56.727036676404 – 55.690321310555
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – –