EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.61083 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.6143 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.6143 – 1.617 – 1.62214 – 1.61083 – 1.61776 – 1.62597 —
1.61189 – 1.61399 —
36.001808631641 – 54.734533643197 —
– —
1.61430 – 1769787000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – – – – – – – – –