The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.6243 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.63174 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63176 |
| Next High | 1.63174 |
| Current Price | 1.62556 |
| Next Low | 1.6243 |
| 2nd Low | 1.62151 |
| 3rd Low | 1.61948 |
1.63174 – 1.62815 – 1.62873 – 1.6243 – 1.62674 – 1.62507 —
1.62562 – 1.62679 —
44.718039807071 – 58.411625098238 —
– —
1.63174 – 1764855000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –