EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline upwards

The bullish trend upwards to the next resistance at 1.63936 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 1.62036 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.624844 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.63936 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

1.63936 – 1.63342 – 1.63173 – 1.62597 – 1.62744 – 1.62716 —
1.62303 – 1.62145 —
21.410090756778 – 30.643226946313 —
– —
1.63936 – 1769553000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Inverse Head and Shoulder chart pattern – – – – – – – –