EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance level at 1.61653 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.61319 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.61823 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.61653 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61653 – 1.6168 – 1.61565 – 1.61319 – 1.61323 – 1.61066 —
1.61503 – 1.61582 —
52.857306769562 – 56.860550710327 —
– —
1.61653 – 1768813200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –