The pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.60736 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6127 |
| 2nd High | 1.61139 |
| Next High | 1.60736 |
| Current Price | 1.60572 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.60736 – 1.61139 – 1.61061 – 1.60412 – 1.60463 – 1.60489 —
1.60583 – 1.60679 —
38.517099343952 – 54.923328934514 —
– —
1.60736 – 1784242800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –