EUR/CAD – 1H – BUY

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.62558 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.63095 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this 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).

1.63095 – 1.63378 – 1.62557 – 1.61738 – 1.62498 – 1.62079 —
1.62029 – 1.62064 —
27.83116763867 – 37.012661372496 —
– —
1.63095 – 1763445600

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