EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

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

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

In addition a ‘StochRSI fall below 80’ indicator signal is found. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Collapsing Doji Star’ candlestick pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to go down. 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 — 29.02 – 0

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – – –