EUR/CAD – 4H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

An ascent up to the next resistance line at 1.61662 is certain.

Caution: A possible counter-trend in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘StochRSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘StochRSI Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘Bearish SBS White Lines’ chart pattern is detected. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.61662 – 1.61722 – 1.61783 – 1.61205 – 1.60839 – 1.60899 —
1.61398 – 1.61701 —
46.700358978429 – 46.667347210725 —
– —
1.61662 – 1771833600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –