EUR/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 1.59916 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.60235 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout 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.

Next a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.60235 – 1.60498 – 1.60872 – 1.59916 – 1.59654 – 1.59925 —
1.60099 – 1.60079 —
46.480248365319 – 51.518441687305 —
1.59916 – 1776990600 —
1.60235 – 1776972600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – – – – – – – – –