EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline down.

A descending movement downwards to the next support line at 1.61423 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.63936 could happen.
Consider stop-loss settings accordingly.

Next a ” indicator signal is found. The indicator shows ”. which is often a bearish signal. The currency pair is likely to fall.

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Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.63936 – 1.62918 – 1.62068 – 1.61776 – 1.62597 – 1.62036 —
1.62096 – 1.61972 —
38.954094422305 – 34.10857327578 —
– —
1.63936 – 1769551200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –