EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 1.59283 will persist.

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

Also there is a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Also there is a ‘Collapsing Doji Star’ candlestick pattern is detected. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 – – –