EUR/CAD – 30M – SELL

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

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

Caution: A possible reversal of the trend in the direction of resistance at 1.58798 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Two Crows’ candlestick pattern is detected. The candles show ‘Two 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.58798 – 1.58682 – 1.59276 – 1.56118 – 1.56198 – 1.57632 —
1.57350 – 1.58031 —
62.546578541068 – 74.297515196595 —
– —
1.58798 – 1772739000

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