EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance line at 1.6334 is likely expected.

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

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.

Additionally a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.6334 – 1.62906 – 1.62804 – 1.62465 – 1.62094 – 1.6175 —
1.63105 – 1.62830 —
54.341822990041 – 45.120650174788 —
– —
1.63340 – 1764086400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –