EUR/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance line at 1.61646 is likely expected.

Caution: A possible counter-trend in the direction of the support line at could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘Bullish Tri-Star’ chart pattern is discovered. The chart forms ‘Bullish Tri-Star’. which is a positive pattern signal. The currency pair is likely to rise. 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).

1.61646 – 1.61469 – 1.61612 – 1.61263 – 1.61205 – 1.61373 —
1.61588 – 1.61523 —
57.242484195684 – 53.8456380229 —
– —
1.61646 – 1772046000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Tri-Star – Symmetrical Triangle Chart Pattern – – – – – – – –