EUR/CAD – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 1.62714 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.61039 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K fall below 80’ indicator layout is existing. The indicator is ‘%K fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.61427 – 1.61439 – 1.61393 – 1.61039 – 1.60906 – 1.60788 —
1.61506 – 1.61494 —
65.413540911651 – 60.35791512146 —
– —
1.61427 – 1765386000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –