EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.

A continuation of the upward movement up to the next resistance at 1.62693 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 1.62395 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Also there is a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The pair is likely to go up.

Also there is a ‘MACD Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘MACD Hidden Bullish Divergence’. which is often a bullish chart signal. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.6257 – 1.62612 – 1.6221 – 1.62395 – 1.62327 – 1.61948 —
1.62556 – 1.62562 —
53.751943322173 – 55.504202920696 —
– —
1.62570 – 1764646200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –