EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance at 1.62167 is expected.

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

In addition 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 signal. The currency pair is likely to rise.

In addition a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.62167 – 1.62139 – 1.62171 – 1.61606 – 1.61759 – 1.61451 —
1.61898 – 1.61923 —
52.2620560629 – 55.229613078613 —
– —
1.62167 – 1762246800

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