EUR/CAD – 30M – BUY

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

A bullish ascent up to the next resistance line at 1.61324 is certain.

Caution: A possible change in the direction of the support zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.61534 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.61324 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

1.61324 – 1.61567 – 1.61458 – 1.61077 – 1.61055 – 1.61139 —
1.61368 – 1.61332 —
61.106780535299 – 51.968710352498 —
– —
1.61324 – 1770145200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –