EUR/CAD – 4H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 1.59158 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.60311 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

1.60311 – 1.60382 – 1.62477 – 1.59158 – 1.59386 – 1.59654 —
1.59395 – 1.59452 —
31.556063232237 – 40.731501516754 —
1.59158 – 1777593600 —
1.60311 – 1777406400

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