EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards
The bearish trend down to the next support level at 1.61046 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.61535 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘%K cross below 0.8’ indicator layout is discovered. The indicator is ‘%K cross below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61791 |
| 2nd High | 1.61783 |
| Next High | 1.61535 |
| Current Price | 1.61348 |
| Next Low | 1.61046 |
| 2nd Low | 1.60627 |
| 3rd Low | 1.60602 |
1.61535 – 1.61308 – 1.61294 – 1.61046 – 1.60627 – 1.60717 —
1.61663 – 1.61509 —
66.608468474646 – 52.196019783612 —
– —
1.61535 – 1767675600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – – – – – –