EUR/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 1.59283 will continue.

Caution: A possible change in the direction of the resistance zone at 1.60342 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Collapsing Doji Star’ chart pattern is found. The chart shows ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. 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 – –