EUR/CAD – 30M – BUY

And also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.62343944 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.62068 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62068 – 1.62066 – 1.62623 – 1.61473 – 1.61432 – 1.62002 —
1.62042 – 1.62006 —
62.082444428669 – 53.592920207696 —
– —
1.62068 – 1769130000

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