Buy EUR/CAD – 30M – BUY

And also a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The pair is likely to go up.

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance at 1.57757 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 1.57019 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

Support & Resistance Price Range*
3rd High 1.58434
2nd High 1.57886
Next High 1.57757
Current Price 1.57416
Next Low 1.57019
2nd Low 1.56974
3rd Low 1.56912

1.57289 – 1.57757 – 1.57371 – 1.57019 – 1.56974 – 1.56912

Trading Signals:

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