EUR/CAD – 4H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline up.

A continuation of the upward movement upwards to the next resistance at 1.61766 is certain.

Caution: A possible trend reversal in the direction of the support line at 1.60423 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘StochRSI Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘StochRSI Hidden Bullish Divergence’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.61256466 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.61766 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

1.61766 – 1.61326 – 1.61221 – 1.60423 – 1.60379 – 1.59385 —
1.61531 – 1.60823 —
62.799634301849 – 36.681707996204 —
– —
1.61766 – 1780574400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Up – – – – – – – – –