EUR/CAD – 30M – BUY

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

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

Moreover a ‘RSI Bullish Divergence’ indicator signal is found. The indicator shows ‘RSI Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘MACD-Hist Bullish Divergence’ indicator signal is found. The indicator shows ‘MACD-Hist Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.61668124 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 1.6163 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.6163 – 1.61642 – 1.61754 – 1.61491 – 1.61379 – 1.61463 —
1.61507 – 1.61515 —
39.432705574556 – 41.422186726457 —
– —
1.6163 – 1771281000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – Double bottom chart pattern – – – – – – – –