The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.
A descending movement down to the next support at 1.62151 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.62718 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62941 |
| 2nd High | 1.62827 |
| Next High | 1.62718 |
| Current Price | 1.62638 |
| Next Low | 1.62151 |
| 2nd Low | 1.61948 |
| 3rd Low | 1.61678 |
1.62718 – 1.62716 – 1.6257 – 1.62151 – 1.62454 – 1.62395 —
1.62563 – 1.62777 —
47.131498305029 – 63.998970388164 —
– —
1.62718 – 1764752400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –