EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance level at 1.59276 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.57176 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.

And also a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.58265 – 1.58177 – 1.57601 – 1.57176 – 1.5718 – 1.57037 —
1.59150 – 1.58711 —
74.491530913045 – 59.779567611871 —
– —
1.58265 – 1773824400

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