EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

A bearish trend down to the next support line at is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.62259 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.616287 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.62259 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ candle pattern is discovered. The chart forms ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.62259 – 1.61728 – 1.62103 – 1.61692 – 1.61434 – 1.6146 —
1.61900 – 1.61900 —
40.988171257929 – 41.053810667737 —
– —
1.62259 – 1768215600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – Double bottom chart pattern – – – – – – – –