EUR/CAD – 30M – BUY

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.6191 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 1.6123 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.6123 – 1.62714 – 1.63174 – 1.60646 – 1.60757 – 1.6243 —
1.61273 – 1.61197 —
60.073759628712 – 54.725194531445 —
– —
1.61230 – 1765180800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top retreat up – – – – – – – –