EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.

A descending movement downwards to the next support line at 1.62769 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.63095 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘%K fall below 80’ indicator signal is found. The indicator shows ‘%K fall below 80’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

1.63095 – 1.62912 – 1.62861 – 1.62769 – 1.62498 – 1.62613 —
1.63095 – 1.62961 —
70.255492852239 – 49.042376183735 —
1.63095 – 1763445600 —
– 1763445600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double top retreat up – – – –