EUR/CAD – 4H – BUY

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

A bullish movement up to the next resistance at 1.60311 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.59158 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘RSI Bullish Divergence’ indicator signal is discovered. The indicator shows ‘RSI Bullish Divergence’. Dieses ist oftmals ein bullisches signal. Das Paar wird voraussichtlich nach oben gehen.

And also a ‘MACD Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD Bullish Divergence’. this is usually a bullish signal. The currency pair could go up.

And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

1.60311 – 1.60382 – 1.62477 – 1.59158 – 1.59386 – 1.59654 —
1.59452 – 1.59221 —
40.731504466462 – 38.321508702212 —
– —
1.60311 – 1777406400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –