EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline upwards

A bullish ascent up to the next resistance level at 1.62594 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.60746 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

And also a ‘Bullish Engulfing’ candle chart pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

1.62594 – 1.62682 – 1.62567 – 1.61838 – 1.61986 – 1.62034 —
1.62017 – 1.61926 —
37.082882210401 – 32.80135307461 —
– —
1.62594 – 1781773200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing – Rising Wedge Chart Pattern – – – – – – – –