EUR/CAD – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 1.62069 is expected.

Caution: A possible counter-trend in the direction of the support level at 1.61185 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish 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).

1.61666 – 1.61535 – 1.61426 – 1.61185 – 1.61046 – 1.60743 —
1.61832 – 1.61893 —
65.110583435134 – 63.653181249205 —
– —
1.61666 – 1767758400

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