EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 1.62602 is certain.

Caution: A possible counter-trend in the direction of the support zone at 1.62268 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.62602 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.62602 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.62602 – 1.62364 – 1.6236 – 1.62268 – 1.61603 – 1.61993 —
1.62383 – 1.62477 —
51.652361111422 – 46.959864891278 —
– —
1.62602 – 1783090800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – – – – – – – – –