EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline up.

A continuation of the uptrend up to the next resistance level at 1.59905 is certain.

Caution: A possible counter-trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.59945392 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.59905 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.59905 – 1.60049 – 1.60129 – 1.59351 – 1.59603 – 1.59379 —
1.59778 – 1.59740 —
55.520642355158 – 47.794957672772 —
– —
1.59905 – 1774931400

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