EUR/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support level at 1.56202 is expected.

Caution: A possible change in the direction of the resistance level at 1.57128 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

1.57128 – 1.57175 – 1.57937 – 1.56202 – 1.56676 – 1.56663 —
1.56837 – 1.57175 —
44.05132142829 – 55.890897096567 —
– —
1.57128 – 1773363600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –