EUR/CAD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 1.60566 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.6002 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Additionally a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

1.60566 – 1.60287 – 1.59535 – 1.6002 – 1.59055 – 1.59029 —
1.60237 – 1.60274 —
49.103728919761 – 53.804642827579 —
– —
1.60566 – 1778176800

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