EUR/CAD – 1H – BUY

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

The bullish trend upwards to the next resistance level at 1.61549 is expected.

Caution: A possible counter-trend in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair could go up.

There is also a ‘MACD Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish signal. The pair is likely to go up.

There is also a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

1.61549 – 1.61567 – 1.62013 – 1.61167 – 1.61055 – 1.6111 —
1.61362 – 1.61334 —
49.681850703632 – 50.982002474711 —
– —
1.61549 – 1770224400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –