EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support level at will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.617 is also possible.
Consider stop-loss settings accordingly.

Besides 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.

Besides a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Last Engulfing Bottom:’ candlestick chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. 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 probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

1.617 – 1.62214 – 1.63936 – 1.61083 – 1.61776 – 1.62597 —
1.61394 – 1.61296 —
47.802967631272 – 38.284765561036 —
– —
1.61700 – 1769734800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –