EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 1.61642 is likely expected.
Caution: A possible counter-trend in the direction of support at could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61783 |
| 2nd High | 1.61761 |
| Next High | 1.61642 |
| Current Price | 1.61611 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.61642 – 1.61761 – 1.61783 – 1.61364 – 1.61379 – 1.61327 —
1.61571 – 1.61637 —
41.775301436137 – 51.457803083698 —
1.61364 – 1771333200 —
1.61642 – 1771246800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –