EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 1.59283 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.60342 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Collapsing Doji Star’ chart pattern is found. The candles form ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going 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 – – –