Sell EUR/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.59602 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High
2nd High
Next High 1.59602
Current Price 1.57134
Next Low
2nd Low
3rd Low

1.59602 – 1.58012 – 1.58520 – 1.58562 – 1.56944 – 1.56714

Download EUR/CAD Signal Image

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