EUR/CAD – 1H – BUY

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

An ascending movement upwards to the next resistance level at 1.60235 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.59654 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.60235 – 1.61186 – 1.61831 – 1.59654 – 1.60238 – 1.60674 —
1.60104 – 1.60033 —
52.655030815338 – 41.970120075207 —
– —
1.60235 – 1776970800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –