EUR/CAD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 1.62125 is expected.

Caution: A possible counter-trend in the direction of the support zone at 1.60746 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ” indicator signal is detected. The indicator is ”. which is often a bullish signal. The currency pair could go up.

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There is also a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

There is also a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.61755 – 1.61121 – 1.6138 – 1.60746 – 1.60684 – 1.60847 —
1.61718 – 1.61753 —
61.507508668364 – 64.662050906657 —
– —
1.61755 – 1781227800

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