The pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 1.59274 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.59881 |
| 2nd High | 1.59535 |
| Next High | 1.59274 |
| Current Price | 1.59304 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.59274 – 1.59535 – 1.59512 – 1.59055 – 1.59029 – 1.5922 —
1.59137 – 1.59395 —
40.768936140693 – 69.601080130906 —
1.59055 – 1777989600 —
1.59274 – 1777948200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –