EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
An ascent up to the next resistance at 1.62623 is certain.
Caution: A possible change in the direction of the support level at 1.61432 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63174 |
| 2nd High | 1.62714 |
| Next High | 1.62623 |
| Current Price | 1.61592 |
| Next Low | 1.61432 |
| 2nd Low | 1.61319 |
| 3rd Low | 1.61066 |
1.62623 – 1.61653 – 1.6168 – 1.61432 – 1.62002 – 1.61319 —
1.61701 – 1.61639 —
43.484160287832 – 40.275354810043 —
– —
1.62623 – 1768923000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Inverse Head and Shoulder chart pattern – – – – – – – –