EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline up.
An ascending movement upwards to the next resistance level at 1.62941 will continue.
Caution: A possible change in the direction of the support level at 1.62522 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63176 |
| Next High | 1.62941 |
| Current Price | 1.62657 |
| Next Low | 1.62522 |
| 2nd Low | 1.62465 |
| 3rd Low | 1.62094 |
1.62941 – 1.63176 – 1.63154 – 1.62692 – 1.628 – 1.62972 —
1.62795 – 1.62637 —
37.997125012824 – 38.415560819747 —
– —
1.62941 – 1764214200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –