EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 1.6334 is certain.
Caution: A possible change in the direction of the support line at 1.62972 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63532 |
| 2nd High | 1.63378 |
| Next High | 1.6334 |
| Current Price | 1.63117 |
| Next Low | 1.62972 |
| 2nd Low | 1.62522 |
| 3rd Low | 1.62465 |
1.6334 – 1.62635 – 1.62394 – 1.62972 – 1.62522 – 1.62465 —
1.63096 – 1.63075 —
49.170577682697 – 49.940619941786 —
1.62972 – 1764126000 —
1.63340 – 1764088200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –