EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline up.

A continuation of the bullish trend up to the next resistance line at 1.61267 is expected.

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

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.61177292 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.61267 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.61267 – 1.61294 – 1.61235 – 1.60627 – 1.60717 – 1.60602 —
1.61083 – 1.60884 —
60.95257145713 – 44.716412724363 —
– —
1.61267 – 1767331800

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