EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.59283 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.60342 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61086 |
| 2nd High | 1.60486 |
| Next High | 1.60342 |
| Current Price | 1.60147 |
| Next Low | 1.59283 |
| 2nd Low | 1.59114 |
| 3rd Low | 1.58741 |
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 – – –