EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 1.57467 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1.56202 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.58343 |
| 2nd High | 1.57937 |
| Next High | 1.57467 |
| Current Price | 1.56998 |
| Next Low | 1.56202 |
| 2nd Low | 1.56118 |
| 3rd Low | 1.55998 |
1.57467 – 1.57128 – 1.57175 – 1.56202 – 1.56676 – 1.56663 —
1.57246 – 1.56946 —
58.235099861181 – 44.188176954143 —
– —
1.57467 – 1773417600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –