EUR/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.59055 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.59274 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

Additionally a ‘Tweezers Top’ candlestick chart pattern is discovered. The candles form ‘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’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.59274 – 1.59535 – 1.59512 – 1.59055 – 1.59029 – 1.5922 —
1.59309 – 1.59365 —
58.347849276682 – 61.098337775556 —
– —
1.59274 – 1777948200

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