EUR/CAD – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A bearish trend down to the next support line at 1.6045 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.61027 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.604025 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.61027 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

1.61027 – 1.60817 – 1.60894 – 1.6045 – 1.60434 – 1.60219 —
1.60719 – 1.60976 —
56.061428559924 – 64.075651587683 —
– —
1.61027 – 1775469600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –