EUR/CAD – 30M – BUY

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

A bullish movement up to the next resistance at 1.61615 is likely expected.

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

There is also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Bullish Engulfing’ candle pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

1.61615 – 1.61556 – 1.61549 – 1.61113 – 1.61167 – 1.6118 —
1.61250 – 1.61208 —
34.274158115962 – 41.624761517269 —
– —
1.61615 – 1770361200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing – – – – – – – – –