EUR/CAD – 30M – BUY

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

A bullish ascent upwards to the next resistance at 1.61761 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 1.61327 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Bullish Tri-Star’ candlestick chart pattern is detected. The chart forms ‘Bullish Tri-Star’. this 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 ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

1.61761 – 1.61608 – 1.61783 – 1.61327 – 1.61049 – 1.61042 —
1.61585 – 1.61616 —
49.591137218765 – 53.569426341448 —
– —
1.61761 – 1770996600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Tri-Star – – – – – – – – –