EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.

An ascent upwards to the next resistance at 1.59738 is expected.

Caution: A possible change in the direction of the support zone at 1.59601 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

There is also a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.59738 – 1.59833 – 1.60271 – 1.59601 – 1.59607 – 1.59889 —
1.59737 – 1.59560 —
43.047395866586 – 35.803087241652 —
– —
1.59738 – 1777356000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –