Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
A descending movement down to the next support level at 1.60219 will persist.
Caution: A possible change in the direction of the resistance zone at 1.61454 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61722 |
| 2nd High | 1.61701 |
| Next High | 1.61454 |
| Current Price | 1.60603 |
| Next Low | 1.60219 |
| 2nd Low | 1.59351 |
| 3rd Low | 1.57912 |
1.61454 – 1.60129 – 1.60147 – 1.60219 – 1.59351 – 1.57912 —
1.60630 – 1.61027 —
56.254151898973 – 61.920113733669 —
– —
1.61454 – 1775059200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –