EUR/CAD – 30M – BUY

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

A bullish ascent upwards to the next resistance line at 1.60271 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.59889 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ” indicator layout is found. The indicator shows ”. this is usually a bullish chart scenario. The pair is likely to go up.

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

Furthermore a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

1.60271 – 1.60382 – 1.60235 – 1.59889 – 1.59929 – 1.59916 —
1.59977 – 1.59847 —
36.095403731123 – 29.767963767939 —
– —
1.60271 – 1777273200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Belt Hold – – – – – – – – –