EUR/CAD – 30M – BUY

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

A bullish movement upwards to the next resistance line at 1.57017 will persist.

Caution: A possible reversal of the trend in the direction of support at is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Inverted Hammer’ candle chart pattern is discovered. The chart forms ‘Inverted Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).

1.57017 – 1.57467 – 1.57128 – 1.56543 – 1.56619 – 1.56202 —
1.56798 – 1.57132 —
45.039720313606 – 58.258333339183 —
– —
1.57017 – 1773633600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Inverted Hammer – – – – – – – – –