EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 1.62019 will persist.
Caution: A possible counter-trend in the direction of the support zone at 1.61016 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63936 |
| 2nd High | 1.62214 |
| Next High | 1.62019 |
| Current Price | 1.61627 |
| Next Low | 1.61016 |
| 2nd Low | 1.60742 |
| 3rd Low | 1.60627 |
1.62019 – 1.61581 – 1.61615 – 1.61016 – 1.61113 – 1.61167 —
1.61928 – 1.61625 —
54.705505141015 – 47.375536931667 —
– —
1.62019 – 1770652800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –