EUR/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 1.59283 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 1.60342 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Collapsing Doji Star’ candle chart pattern is detected. The candles show ‘Collapsing Doji Star’. which is a bearish pattern 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 — 8.7184587184587 – 8.7184587184587 – 17.680939120939 – 11.585441233441

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