EUR/CAD – 1H – BUY

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

An ascent upwards to the next resistance line at 1.59535 is expected.

Caution: A possible reversal of the trend in the direction of support at 1.59055 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Three White Soldiers’ chart pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish 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’ going up is 82%.

1.59535 – 1.59881 – 1.60034 – 1.59055 – 1.59029 – 1.5922 —
1.59395 – 1.59240 —
60.621820533047 – 46.056927806396 —
– —
1.59535 – 1777910400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –