EUR/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.60872 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Tweezers Top’ candlestick chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

1.60872 – 1.61186 – 1.6108 – 1.60298 – 1.60238 – 1.60674 —
1.60497 – 1.60417 —
53.961300276125 – 48.259831284018 —
1.60298 – 1776844800 —
1.60872 – 1776733200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Top – – – – – – – – –