EUR/CAD – 1H – BUY

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.61040812 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.61062 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.61062 – 1.61221 – 1.61216 – 1.60423 – 1.60623 – 1.60711 —
1.60945 – 1.60821 —
55.716533683679 – 50.743419209633 —
– —
1.61062 – 1780081200

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