EUR/CAD – 30M – BUY

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

An ascending movement up to the next resistance level at 1.61549 is certain.

Caution: A possible counter-trend in the direction of the support level at 1.6118 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘MACD Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive signal. The currency pair could go up.

There is also a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches signal. Das Paar wird voraussichtlich nach unten gehen.

There is also a ‘Bearish SBS White Lines’ candlestick pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.61549 – 1.61396 – 1.61324 – 1.6118 – 1.61077 – 1.61055 —
1.61383 – 1.61309 —
48.344667501315 – 45.204461102322 —
– —
1.61549 – 1770224400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – Inverse Head and Shoulder chart pattern – – – – – – – –