EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.
The bearish trend down to the next support line at will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.62259 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63174 |
| 2nd High | 1.62714 |
| Next High | 1.62259 |
| Current Price | 1.61888 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62259 – 1.61728 – 1.62103 – 1.61692 – 1.61434 – 1.6146 —
1.62124 – 1.61942 —
46.332996102747 – 43.977840054299 —
– —
1.62259 – 1768215600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Double bottom chart pattern – – – – – – – –