EUR/CAD – 4H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance line at 1.60382 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 1.59654 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘RSI Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘MACD-Hist Bullish Divergence’ indicator signal is detected. The indicator is ‘MACD-Hist Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

In addition a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

1.60382 – 1.62477 – 1.62353 – 1.59654 – 1.60219 – 1.59351 —
1.60170 – 1.59738 —
42.088497577504 – 31.788470280691 —
– —
1.60382 – 1777032000

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