EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline down.

A bearish descent downwards to the next support level at 1.62094 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.62394 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Tweezers Top’ candlestick chart pattern is found. The chart forms ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.62394 – 1.62551 – 1.62804 – 1.62094 – 1.62406 – 1.6175 —
1.62350 – 1.62423 —
53.763428956172 – 59.776994356494 —
– —
1.62394 – 1763767800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Top – Double bottom chart pattern – – – – – – – –