EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline down.
A descending movement down to the next support at 1.61046 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.61666 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61791 |
| 2nd High | 1.61783 |
| Next High | 1.61666 |
| Current Price | 1.61498 |
| Next Low | 1.61046 |
| 2nd Low | 1.60743 |
| 3rd Low | 1.60627 |
1.61666 – 1.61535 – 1.61426 – 1.61046 – 1.60743 – 1.60627 —
1.61600 – 1.61592 —
64.818002488013 – 59.478382128507 —
– —
1.61666 – 1767758400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –