The pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 1.61642 is expected.
Caution: A possible trend reversal in the direction of the support zone at should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61761 |
| 2nd High | 1.61754 |
| Next High | 1.61642 |
| Current Price | 1.61585 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.61642 – 1.61754 – 1.61761 – 1.61379 – 1.61463 – 1.61327 —
1.61597 – 1.61527 —
55.091879365781 – 42.173343140851 —
– —
1.61642 – 1771246800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –