EUR/CAD – 4H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline upwards

An ascending movement up to the next resistance level at 1.60311 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 1.59158 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.

Furthermore a ‘MACD Bullish Divergence’ indicator layout is existing. The indicator shows ‘MACD Bullish Divergence’. which could be a positive signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

1.60311 – 1.60382 – 1.62477 – 1.59158 – 1.59386 – 1.59654 —
1.59509 – 1.59535 —
40.526077083999 – 32.82337690028 —
– —
1.60311 – 1777406400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –