EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 1.59283 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.60342 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

There is also a ‘Collapsing Doji Star’ candle chart pattern is detected. The candles show ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168 — 56.899026025821 – 50.91135926601

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – – –