EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance line at 1.61267 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 1.60743 should always be considered.
Consider stop-loss settings accordingly.

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

1.61267 – 1.61294 – 1.61235 – 1.60743 – 1.60627 – 1.60717 —
1.61070 – 1.61168 —
60.552184654784 – 60.02411178497 —
– —
1.61267 – 1767331800

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