EUR/CAD – 30M – BUY

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

An ascending movement upwards to the next resistance line at 1.61396 will persist.

Caution: A possible reversal of the trend in the direction of the support level at could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

1.61396 – 1.61324 – 1.61567 – 1.61077 – 1.61055 – 1.61139 —
1.61358 – 1.61307 —
52.311835004205 – 43.243816704837 —
– —
1.61396 – 1770188400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –