EUR/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 1.61895 is certain.

Caution: A possible change in the direction of the support line at 1.61185 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.

And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish 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).

1.61666 – 1.61535 – 1.61308 – 1.61185 – 1.61046 – 1.60627 —
1.61660 – 1.61824 —
62.199541819662 – 65.810631734926 —
– —
1.61666 – 1767758400

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