EUR/CAD – 4H – BUY

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

A bullish trend upwards to the next resistance level at 1.60311 is expected.

Caution: A possible change in the direction of the support zone at 1.57912 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

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

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

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.60088736 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.60311 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles show ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. 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).

1.60311 – 1.60382 – 1.62477 – 1.59386 – 1.59654 – 1.60219 —
1.59657 – 1.59594 —
32.647108854315 – 38.812572258388 —
– —
1.60311 – 1777406400

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