EUR/CAD – 1H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 1.62906 is considered certain.

Caution: A possible trend reversal in the direction of support at 1.62465 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.

Furthermore a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62906 – 1.62804 – 1.62691 – 1.62465 – 1.62094 – 1.6175 —
1.62592 – 1.62583 —
48.55857086126 – 51.266254701082 —
1.62465 – 1764025200 —
1.62906 – 1763992800

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