The combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 1.61675 will persist.
Caution: A possible counter-trend in the direction of the support level at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61761 |
| 2nd High | 1.61754 |
| Next High | 1.61675 |
| Current Price | 1.61709 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.61675 – 1.6163 – 1.61642 – 1.61491 – 1.61379 – 1.61463 —
1.61618 – 1.61640 —
55.399643945718 – 57.831130962323 —
– —
1.61675 – 1771327800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –