EUR/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance at 1.61027 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 1.60434 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. In der Regel bedeutet das ein negatives chart signal. Die Paarung wird wahrscheinlich fallen.

Moreover a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.61027 – 1.60817 – 1.60652 – 1.60434 – 1.60464 – 1.60542 —
1.60818 – 1.60924 —
47.750259917297 – 43.988940319987 —
– —
1.61027 – 1775471400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – – – – – – – – –