EUR/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.63174 will continue.

Caution: A possible trend reversal in the direction of the support zone at 1.62151 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. 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).

1.63174 – 1.62873 – 1.62716 – 1.62674 – 1.62151 – 1.61678 —
1.62939 – 1.62541 —
49.574763989517 – 38.690657135708 —
– —
1.63174 – 1764853200

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