EUR/CAD – 30M – BUY

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

A continuation of the upward movement up to the next resistance level at 1.61396 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.6118 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.61396 – 1.61324 – 1.61567 – 1.6118 – 1.61077 – 1.61055 —
1.61415 – 1.61357 —
57.113427443031 – 51.021656693817 —
– —
1.61396 – 1770188400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –