EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline up.

A continuation of the upward movement upwards to the next resistance at 1.62507 is certain.

Caution: A possible change in the direction of the support line at should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish signal. The currency 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%.

1.62507 – 1.62524 – 1.62602 – 1.62232 – 1.62268 – 1.6204 —
1.62367 – 1.62455 —
44.026355948367 – 50.167414600928 —
– —
1.62507 – 1783339200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing – – – – – – – – –