EUR/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.58123 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.58682 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Three Inside Down’ chart pattern is existing. The chart forms ‘Three Inside Down’. 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.58682 – 1.59276 – 1.58882 – 1.58123 – 1.58535 – 1.58436 —
1.58412 – 1.58798 —
41.706818343577 – 64.533043490381 —
– —
1.58682 – 1772708400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – – – – – – – – –