EUR/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support level at 1.60566 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.61831 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.61831 – 1.62477 – 1.62238 – 1.60566 – 1.61088 – 1.61272 —
1.61048 – 1.61160 —
44.142488169751 – 50.77157599454 —
– —
1.61831 – 1776441600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –