EUR/CAD – 30M – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance line at 1.62364 is expected.

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

Besides a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. In der Regel bedeutet das ein negatives signal. Das Paar tendiert eventuell nach unten.

Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.62364 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 1.62364 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.62219 – 1.62364 – 1.62284 – 1.6204 – 1.61603 – 1.61643 —
1.62175 – 1.62183 —
54.555989996912 – 52.275372148631 —
– —
1.62219 – 1783051200

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