EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline down.
A descent downwards to the next support at 0 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 1.61206 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
1.62214 – 1.63936 – 1.63342 – 1.61776 – 1.62597 – 1.62744 —
1.61513 – 1.61296 —
38.727333327589 – 35.46371750215 —
– —
1.62214 – 1769646600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –