The pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 1.60271 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.59654 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61186 |
| 2nd High | 1.60382 |
| Next High | 1.60271 |
| Current Price | 1.59698 |
| Next Low | 1.59654 |
| 2nd Low | 1.59351 |
| 3rd Low | 1.5902 |
1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59654 —
1.59757 – 1.59699 —
28.04277436763 – 35.406653678023 —
– —
1.60271 – 1777273200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –