EUR/CAD – 30M – BUY

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

A bullish ascent up to the next resistance line at 1.62096 will persist.

Caution: A possible reversal of the trend in the direction of the support line at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.62428772 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.62096 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The 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).

1.62096 – 1.623 – 1.62594 – 1.61609 – 1.61896 – 1.61838 —
1.62014 – 1.62230 —
55.952503087741 – 64.020747075115 —
– —
1.62096 – 1781843400

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