EUR/CAD – 30M – BUY

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline upwards

An ascent upwards to the next resistance line at 1.62424 will continue.

Caution: A possible counter-trend in the direction of the support level at 1.62068 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘MACD-Hist Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.62288894 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.62424 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

1.62424 – 1.62459 – 1.62477 – 1.62068 – 1.62077 – 1.61598 —
1.62153 – 1.62037 —
41.107969823542 – 36.231178455805 —
– —
1.62424 – 1776263400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – – – – – – – – –