EUR/CAD – 4H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 1.62623 will persist.
Caution: A possible counter-trend in the direction of the support level at 1.61423 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘StochRSI %K crosses above 0.2’ indicator signal is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Also there is a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63174 |
| Next High | 1.62623 |
| Current Price | 1.62168 |
| Next Low | 1.61423 |
| 2nd Low | 1.61066 |
| 3rd Low | 1.60602 |
1.62623 – 1.62259 – 1.62103 – 1.61423 – 1.61066 – 1.61434 —
1.63342 – 1.62260 —
71.668085036709 – 42.152743190886 —
– —
1.62623 – 1768910400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –