EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
A bearish movement down to the next support level at will persist.
Caution: A possible change in the direction of the resistance level at 1.62259 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63174 |
| 2nd High | 1.62714 |
| Next High | 1.62259 |
| Current Price | 1.61855 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62259 – 1.61728 – 1.62103 – 1.61692 – 1.61434 – 1.6146 —
1.62208 – 1.61992 —
59.954721952003 – 44.079994815793 —
– —
1.62259 – 1768215600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double top chart pattern – – – – – – – –