EUR/CAD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at is expected.

Caution: A possible counter-trend in the direction of the support level at 1.61694 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candle pattern is existing. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.6275 – 1.62503 – 1.62681 – 1.61694 – 1.62157 – 1.62049 — 63.049313345072 – 65.101411716417 — 53.545591700311 – 27.914416818769 – 70.029329069496 – 52.569045775084

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