EUR/CAD – 1H – SELL

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

The bearish trend down to the next support line at 1.62539 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.63176 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.63176 – 1.6334 – 1.62906 – 1.62539 – 1.62465 – 1.62094 —
1.62704 – 1.62665 —
47.975442174352 – 44.17586983573 —
– —
1.63176 – 1764176400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –