EUR/CAD – 1H – BUY

There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Current target is 1.59404742 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.59881 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.59881 – 1.60034 – 1.60311 – 1.5922 – 1.59158 – 1.59492 —
1.59452 – 1.59391 —
52.138168020897 – 39.309456360931 —
– —
1.59881 – 1777654800

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