EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.

A continuation of the downtrend down to the next support at 1.59283 will persist.

Caution: A possible change in the direction of resistance at 1.60342 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is found. The chart shows ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168 — 56.899026025821 – 50.91135926601 — 8.7184587184587 – 8.7184587184587 – 17.680939120939 – 11.585441233441

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – – –