EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.61646 is certain.
Caution: A possible change in the direction of support at 1.61263 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘RSI Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches signal. Das Paar tendiert eventuell nach oben.
Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. Dieses ist oftmals ein bullisches signal. Das Paar tendiert eventuell nach oben.
Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.614335 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.61646 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61711 |
| 2nd High | 1.61662 |
| Next High | 1.61646 |
| Current Price | 1.61461 |
| Next Low | 1.61263 |
| 2nd Low | 1.61205 |
| 3rd Low | 1.60839 |
1.61646 – 1.61612 – 1.61662 – 1.61263 – 1.61205 – 1.61294 —
1.61565 – 1.61404 —
56.817679025815 – 37.356875425085 —
– —
1.61646 – 1772046000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top chart pattern – – – – – – – –