EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 1.62692 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.63176 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Matching Low’ candlestick chart pattern is discovered. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.63176 – 1.63154 – 1.6334 – 1.62692 – 1.628 – 1.62972 —
1.62800 – 1.62903 —
40.016607919172 – 49.905411925612 —
– —
1.63176 – 1764176400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – Inverse Head and Shoulder chart pattern – – – – – – – –