EUR/CAD – 4H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance at 1.61722 will persist.

Caution: A possible change in the direction of support at 1.60899 could happen.
Consider stop-loss settings accordingly.

Next a ‘RSI Bullish Divergence’ indicator signal is discovered. The indicator is ‘RSI Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Die Paarung wird wahrscheinlich steigen.

Next a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Die Paarung wird wahrscheinlich steigen.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. this is a bullish 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 White Soldiers’ heading up is 82%.

1.61722 – 1.61783 – 1.62019 – 1.60899 – 1.61016 – 1.61055 —
1.61575 – 1.61234 —
41.570679173951 – 41.754330301187 —
– —
1.61722 – 1771344000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –