EUR/CAD – 30M – SELL

Additionally a ‘Inverse Head and Shoulder chart pattern’ chart layout is discovered. The chart shows ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The pair is likely to go up.

The pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible change in the direction of the resistance zone at 1.61468 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

1.61468 – 1.61196 – 1.61253 – 1.60899 – 1.60971 – 1.60978 —
1.61377 – 1.61166 —
57.359826691747 – 49.23571440101 —
– —
1.61468 – 1770831000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing – Inverse Head and Shoulder chart pattern – – – – – – – –