EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 1.61186 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 1.6002 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

And also a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.60566 – 1.60433 – 1.60286 – 1.6002 – 1.60156 – 1.60022 —
1.60530 – 1.60583 —
73.370484968852 – 62.119652370631 —
– —
1.60566 – 1778176800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –