EUR/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.61324 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Falling Window’ candle pattern is found. The chart shows ‘Falling Window’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

1.61324 – 1.61567 – 1.61458 – 1.61055 – 1.61139 – 1.6111 —
1.61281 – 1.61248 —
49.997678611021 – 48.829737113122 —
– —
1.61324 – 1770145200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Falling Window – – – – – – – – –