The pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at is expected.
Caution: A possible change in the direction of the resistance level at 1.62068 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62714 |
| 2nd High | 1.62623 |
| Next High | 1.62068 |
| Current Price | 1.61789 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62068 – 1.62066 – 1.62623 – 1.61473 – 1.61432 – 1.62002 —
1.62050 – 1.61876 —
58.121600654598 – 42.011233689569 —
– —
1.62068 – 1769130000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –