EUR/CAD – 1H – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A descending movement down to the next support line at 1.62465 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.63176 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.63176 – 1.6334 – 1.62906 – 1.62465 – 1.62094 – 1.6175 —
1.62800 – 1.62801 —
40.812936299268 – 44.685736881387 —
– —
1.63176 – 1764176400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –