EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 1.617 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1.61083 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63936 |
| 2nd High | 1.62214 |
| Next High | 1.617 |
| Current Price | 1.61343 |
| Next Low | 1.61083 |
| 2nd Low | 1.61066 |
| 3rd Low | 1.61046 |
1.617 – 1.62214 – 1.63936 – 1.61083 – 1.61776 – 1.62597 —
1.61165 – 1.61292 —
33.598320043725 – 45.903648868023 —
– —
1.61700 – 1769734800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –