EUR/CAD – 4H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance line at 1.63406 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 1.61926 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

There is also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

1.63406 – 1.62557 – 1.63127 – 1.61926 – 1.61389 – 1.61452 —
1.63378 – 1.62788 —
64.683189468207 – 47.309226096302 —
– —
1.63406 – 1763064000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – –