EUR/CAD – 4H – SELLThe pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.61926 is expected.
Caution: A possible change in the direction of the resistance zone at 1.63406 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.6403 |
| Next High | 1.63406 |
| Current Price | 1.61942 |
| Next Low | 1.61926 |
| 2nd Low | 1.61389 |
| 3rd Low | 1.61154 |
1.63406 – 1.62557 – 1.63127 – 1.61926 – 1.61389 – 1.61452 —
1.62997 – 1.62334 —
47.992099810952 – 43.892036785856 —
– —
1.63406 – 1763064000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – –