EUR/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.59029 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.59274 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.59274 – 1.59535 – 1.59512 – 1.59029 – 1.5922 – 1.5919 —
1.59208 – 1.59191 —
47.878317856484 – 45.964832038183 —
– —
1.59274 – 1777948200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –