EUR/CAD – 1H – SELL

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

The bearish trend downwards to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.58434 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Also there is a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.58434 – 1.56666 – 1.56615 – 1.55998 – 1.56088 – 1.55861

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows