EUR/CAD – 1H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards

The bearish trend downwards to the next support level at is expected.

Caution: A possible change in the direction of the resistance level at 1.62691 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.62691 – 1.62334 – 1.63095 – 1.6175 – 1.61791 – 1.61831 —
1.62555 – 1.62618 —
66.699909594507 – 50.636110182003 —
– —
1.62691 – 1763672400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – –