The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.62019 is certain.
Caution: A possible change in the direction of the support level at 1.61427 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
And also a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63936 |
| 2nd High | 1.62214 |
| Next High | 1.62019 |
| Current Price | 1.61592 |
| Next Low | 1.61427 |
| 2nd Low | 1.61016 |
| 3rd Low | 1.60742 |
1.62019 – 1.61581 – 1.61615 – 1.61427 – 1.61016 – 1.61113 —
1.61422 – 1.61581 —
40.318502096738 – 57.482419251605 —
– —
1.62019 – 1770652800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –