EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.59881 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.5922 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘RSI Hidden Bullish Divergence’ indicator signal is detected. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60207 |
| 2nd High | 1.60034 |
| Next High | 1.59881 |
| Current Price | 1.59370 |
| Next Low | 1.5922 |
| 2nd Low | 1.5919 |
| 3rd Low | 1.59158 |
1.59881 – 1.60034 – 1.59781 – 1.5922 – 1.5919 – 1.59158 —
1.59500 – 1.59358 —
48.509291576233 – 46.90180060945 —
– —
1.59881 – 1777654800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –