EUR/CAD – 30M – BUY

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

A bullish trend up to the next resistance line at 1.61119 will persist.

Caution: A possible change in the direction of the support level at 1.6045 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Additionally a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. 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).

1.61119 – 1.60924 – 1.61027 – 1.6045 – 1.60434 – 1.60464 —
1.60972 – 1.60886 —
62.542998282029 – 47.432171672639 —
– —
1.61119 – 1775565000

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