continues to rise sharply after its recent completion of the Uniform Falling Wedge identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 7 bar level which reflects the following values of the individual contributing Quality indicators: 7-bar Initial Trend, 8-bar Uniformity and 3-bar Clarity. The pair has recently broken up through the upper resistance trendline of this Falling Wedge with the Breakout, whose strength is rated at the maximum 10 bar level. The pair is expected to rise further toward the Forecast Price 1.2618, as is also indicated by the PowerStats analysis shown below.
As can be seen form the following PowerStats chart, all of the daily Expected Price Range for EUR/CAD for tomorrow (from 1.2310 to 1.2463) stands well above the broken resistance trendline of the above Falling Wedge – which adds to the probability that the pair will continue to rise tomorrow.