EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline upwards

A bullish trend upwards to the next resistance level at 1.57937 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 1.56118 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘RSI Bullish Divergence’ indicator signal is found. The indicator is ‘RSI Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘StochOSC Bullish Divergence’ indicator signal is found. The indicator is ‘StochOSC Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘MACD-Hist Bullish Divergence’ indicator signal is found. The indicator is ‘MACD-Hist Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘Three Outside Up’ candlestick pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.57937 – 1.58343 – 1.58341 – 1.57242 – 1.57526 – 1.5751 —
1.57498 – 1.57217 —
46.245688154327 – 32.679650066958 —
– —
1.57937 – 1773223200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –