EUR/CAD – 30M – SELL

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

A bearish descent downwards to the next support level at 1.6118 is likely expected.

Caution: A possible change in the direction of resistance at 1.61549 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Inside Down’ chart pattern is existing. The chart shows ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.61549 – 1.61396 – 1.61324 – 1.6118 – 1.61077 – 1.61055 —
1.61394 – 1.61362 —
53.692173839295 – 50.21030971935 —
– —
1.61549 – 1770224400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – Inverse Head and Shoulder chart pattern – – – – – – – –