EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
A descent down to the next support level at 0 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 1.56122 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
1.56899 – 1.56473 – 1.56580 – 1.56074 – 1.55757 – 1.55756