EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards
A bearish descent down to the next support at 1.49387 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.50115 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50308 |
| 2nd High | 1.50179 |
| Next High | 1.50115 |
| Current Price | 1.49642 |
| Next Low | 1.49387 |
| 2nd Low | 1.49242 |
| 3rd Low | 1.49102 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows