EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 1.59283 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.60342 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. which is often a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Collapsing Doji Star’ candlestick pattern is detected. The chart forms ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.60342 – 1.60486 – 1.60428 – 1.59283 – 1.60261 – 1.60168 — 56.899026025821 – 50.91135926601

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – Triple top chart pattern – –