EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 1.62602 is likely expected.

Caution: A possible change in the direction of the support zone at 1.6204 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

Also there is a ‘Bullish Engulfing’ candlestick pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

1.62602 – 1.62219 – 1.62364 – 1.6204 – 1.61603 – 1.61643 —
1.62602 – 1.62488 —
72.25257343392 – 55.982888908605 —
1.62602 – 1783092600 —
– 1783092600

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