EUR/CAD – 4H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline down.
A descending movement downwards to the next support at 1.60796 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.62247 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62247 |
| Current Price | 1.60939 |
| Next Low | 1.60796 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.56444 |
1.62247 – 1.61813 – 1.61086 – 1.60796 – 1.59283 – 1.56444 — 41.749945657515 – 41.327156539865 — 9.5827119875843 – 6.0405642686817 – 12.70002936429 – 10.667580078659
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – –