EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
The bullish trend up to the next resistance at 1.59274 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.59029 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.59881 |
| 2nd High | 1.59535 |
| Next High | 1.59274 |
| Current Price | 1.59238 |
| Next Low | 1.59029 |
| 2nd Low | 1.5902 |
| 3rd Low | 1.57912 |
1.59274 – 1.59535 – 1.59512 – 1.59029 – 1.5922 – 1.5919 —
1.59221 – 1.59137 —
49.196376605627 – 40.768934659728 —
– —
1.59274 – 1777948200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –