EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.

A continuation of the uptrend upwards to the next resistance level at 1.6275 is considered certain.

Caution: A possible change in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern 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).

1.6275 – 1.62503 – 1.62681 – 1.62157 – 1.62049 – 1.6198 — 37.6766321214 – 38.3402400013 — 0 – 0.73180139968039 – 0.89034702545663 – 0.24393379989346

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