EUR/CAD – 1H – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
A bullish movement up to the next resistance at 1.59535 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.59055 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60034 |
| 2nd High | 1.59881 |
| Next High | 1.59535 |
| Current Price | 1.59455 |
| Next Low | 1.59055 |
| 2nd Low | 1.59029 |
| 3rd Low | 1.5902 |
1.59535 – 1.59881 – 1.60034 – 1.59055 – 1.59029 – 1.5922 —
1.59332 – 1.59406 —
55.249524647144 – 56.734700182847 —
– —
1.59535 – 1777910400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –