Buy EUR/CAD – 1H – BUY

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

A bearish movement down to the next support at 1.49090 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.49943 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.49873622 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.49943 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘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 success rate of a ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 1.50179
2nd High 1.50115
Next High 1.49943
Current Price 1.49646
Next Low 1.49090
2nd Low 1.48752
3rd Low 1.48347

Download EUR/CAD Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals