EUR/CAD – 1H – BUY

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The pair is likely to go up.

Additionally a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.59945392 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.60049 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.60049 – 1.60129 – 1.59936 – 1.59351 – 1.59379 – 1.5946 —
1.59565 – 1.59593 —
38.993772602774 – 42.086109210736 —
– —
1.60049 – 1774861200

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