The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 1.58798 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 1.58123 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K crosses above 0.2’ indicator signal is found. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish signal. The currency pair could go up.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60421 |
| 2nd High | 1.59276 |
| Next High | 1.58798 |
| Current Price | 1.58601 |
| Next Low | 1.58123 |
| 2nd Low | 1.57931 |
| 3rd Low | 1.57512 |
1.58798 – 1.58682 – 1.59276 – 1.58123 – 1.58535 – 1.58436 —
1.58684 – 1.58633 —
56.350873082176 – 47.076550314944 —
– —
1.58798 – 1772739000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –