EUR/CAD – 1H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline downwards

A bearish movement down to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.63378 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘%K fall below 80’ indicator layout is detected. The indicator is ‘%K fall below 80’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

1.63378 – 1.62557 – 1.63101 – 1.62498 – 1.62079 – 1.61926 —
1.62880 – 1.62947 —
53.195107525473 – 44.813978541359 —
– —
1.63378 – 1763132400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – –