EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish trend upwards to the next resistance at 1.62068 is expected.

Caution: A possible change in the direction of the support line at 1.61473 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘MACD Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

1.62068 – 1.62066 – 1.62623 – 1.61473 – 1.61432 – 1.62002 —
1.61580 – 1.61734 —
19.258423223625 – 43.613151098028 —
– —
1.62068 – 1769130000

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