EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.61556 is also possible.
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 found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.61556 – 1.61549 – 1.61567 – 1.61113 – 1.61167 – 1.61055 —
1.61501 – 1.61398 —
58.419611981339 – 45.08896205794 —
– —
1.61556 – 1770289200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – Double top retreat up – – – – – – – –