EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 1.57128 is expected.

Caution: A possible change in the direction of the support line at 1.56676 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘RSI Bullish Divergence’ indicator layout is discovered. The indicator is ‘RSI Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘MACD Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Additionally a ‘Three White Soldiers’ candle pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

1.57128 – 1.57175 – 1.57937 – 1.56676 – 1.56663 – 1.5751 —
1.57015 – 1.56837 —
47.437222910366 – 44.051321887028 —
– —
1.57128 – 1773363600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –