The combination Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 1.62714 is considered certain.
Caution: A possible change in the direction of the support line at 1.61039 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63176 |
| 2nd High | 1.63174 |
| Next High | 1.62714 |
| Current Price | 1.61541 |
| Next Low | 1.61039 |
| 2nd Low | 1.60906 |
| 3rd Low | 1.60788 |
1.61427 – 1.61439 – 1.61393 – 1.61039 – 1.60906 – 1.60788 —
1.61488 – 1.61648 —
59.889404413564 – 55.430989818901 —
– —
1.61427 – 1765386000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –