EUR/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.61364 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.61722 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.61645388 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 1.61722 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Tweezers Top’ candlestick pattern is detected. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.61722 – 1.61675 – 1.6163 – 1.61364 – 1.61491 – 1.61379 —
1.61637 – 1.61691 —
55.495179042214 – 61.022983060533 —
– —
1.61722 – 1771345800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Top – – – – – – – – –