EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline up.

The bullish trend up to the next resistance line at 1.61615 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 1.61113 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘StochOSC Bullish Divergence’ indicator signal is found. The indicator shows ‘StochOSC Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.61203968 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.61615 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.61615 – 1.61556 – 1.61549 – 1.61113 – 1.61167 – 1.6118 —
1.61353 – 1.61134 —
34.108930694592 – 29.312110216514 —
– —
1.61615 – 1770361200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –