EUR/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.59283 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.60342 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Collapsing Doji Star’ candlestick chart pattern is found. The chart shows ‘Collapsing Doji Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading 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 – – –