EUR/CAD – 1H – BUY

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

A bullish movement up to the next resistance level at 1.62612 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 1.61678 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.

Then a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Then a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.62947768 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.62612 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

1.62612 – 1.63176 – 1.6334 – 1.61678 – 1.62539 – 1.62465 —
1.62570 – 1.62649 —
59.543251912573 – 62.773830833002 —
– —
1.62612 – 1764601200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Inverse Head and Shoulder chart pattern – – – – – – – –