EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 1.62434 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.62049 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.622775 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.62434 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.62575 |
| Next High | 1.62434 |
| Current Price | 1.62239 |
| Next Low | 1.62049 |
| 2nd Low | 1.6198 |
| 3rd Low | 1.61787 |
1.62434 – 1.62575 – 1.62474 – 1.62049 – 1.6198 – 1.62041 — 43.098443327962 – 53.156150425811 — 12.418016135585 – 23.502304147465 – 24.839901716099 – 18.76431594321
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top retreat up – –