EUR/CAD – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.

The bearish trend down to the next support line at 1.62465 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.63176 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

1.63176 – 1.6334 – 1.62906 – 1.62465 – 1.62094 – 1.6175 —
1.62795 – 1.62827 —
39.323449921772 – 51.775320995653 —
– —
1.63176 – 1764176400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Symmetrical Triangle Chart Pattern – – – – – – – –