EUR/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance line at 1.57128 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Collapsing Doji Star’ candle chart pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.57128 – 1.57078 – 1.57175 – 1.56676 – 1.56663 – 1.57033 —
1.57052 – 1.56958 —
54.134198788995 – 48.85377893735 —
– —
1.57128 – 1773363600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – – – – – – – – –