EUR/CAD – 1H – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards
A descent down to the next support at 1.61906 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.62434 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.62565 |
| Next High | 1.62434 |
| Current Price | 1.62246 |
| Next Low | 1.61906 |
| 2nd Low | 1.60262 |
| 3rd Low | 1.59283 |
1.62434 – 1.62565 – 1.60819 – 1.61906 – 1.60262 – 1.60272 — 59.278179480006 – 46.09932528556 — 79.645719674008 – 66.666666666667 – 51.846192487247 – 66.099510515533
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – –