EUR/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.58123 will persist.

Caution: A possible change in the direction of the resistance line at 1.58798 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

1.58798 – 1.59276 – 1.60421 – 1.58123 – 1.58436 – 1.58357 —
1.58683 – 1.58537 —
51.469878565593 – 40.716824493781 —
– —
1.58798 – 1772737200

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