EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at 1.61948 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.6221 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

And also a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.6221 – 1.62693 – 1.62717 – 1.61948 – 1.61678 – 1.62442 —
1.62206 – 1.62267 —
49.520611335054 – 57.273360654507 —
– —
1.62210 – 1764361800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –