EUR/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at will continue.

Caution: A possible change in the direction of resistance at 1.57175 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.57175 – 1.57689 – 1.57937 – 1.56676 – 1.56663 – 1.57033 —
1.57007 – 1.56961 —
55.137038974118 – 51.873172693795 —
– —
1.57175 – 1773325800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – – – – – – – – –