EUR/CAD – 30M – SELL

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

A bearish trend down to the next support line at 1.61039 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 1.62714 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

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

1.61427 – 1.61439 – 1.61393 – 1.61039 – 1.60906 – 1.60788 —
1.61481 – 1.61659 —
63.222241104409 – 67.95111328998 —
– —
1.61427 – 1765386000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – – – – – – – – –