EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.62517 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.62565 |
| Next High | 1.62517 |
| Current Price | 1.62219 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62517 – 1.62434 – 1.62565 – 1.61906 – 1.60262 – 1.60272 — 46.636109807888 – 43.133755515681 — 18.994427368368 – 13.186895569383 – 30.342262358088 – 21.690255815335
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – –