EUR/CAD – 4H – BUY

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 1.62339 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.62013 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Harami Cross’ candlestick chart pattern is existing. The candles form ‘Bearish Harami Cross’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).

1.62013 – 1.63936 – 1.62623 – 1.61055 – 1.60742 – 1.61423 —
1.61549 – 1.61427 —
42.651936000901 – 48.552084626346 —
– —
1.62013 – 1770019200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Harami Cross – – – – – – – – –