EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline up.

An ascending movement up to the next resistance line at 1.57689 is certain.

Caution: A possible counter-trend in the direction of support at 1.56118 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

There is also a ‘Three Outside Up’ chart pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.57689 – 1.57937 – 1.58343 – 1.57033 – 1.57242 – 1.57526 —
1.56922 – 1.56775 —
30.516127732918 – 28.210064092285 —
– —
1.57689 – 1773248400

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