The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.62424 is certain.
Caution: A possible trend reversal in the direction of support at 1.61607 could be enabled.
Consider stop-loss settings accordingly.
There is also a ” indicator layout is discovered. The indicator is ”. which is often a bearish signal. The currency pair could go down.
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There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62477 |
| 2nd High | 1.62459 |
| Next High | 1.62424 |
| Current Price | 1.62357 |
| Next Low | 1.61607 |
| 2nd Low | 1.60746 |
| 3rd Low | 1.60684 |
1.62204 – 1.61995 – 1.61755 – 1.61607 – 1.60746 – 1.60684 —
1.62182 – 1.62336 —
56.997848113216 – 65.83390294627 —
– —
1.62204 – 1781485200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –