EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
A bearish trend down to the next support line at 1.60743 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.61535 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘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 probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61791 |
| 2nd High | 1.61783 |
| Next High | 1.61535 |
| Current Price | 1.61393 |
| Next Low | 1.60743 |
| 2nd Low | 1.60627 |
| 3rd Low | 1.60602 |
1.61535 – 1.61426 – 1.61267 – 1.60743 – 1.60627 – 1.60717 —
1.61528 – 1.61480 —
67.150936837247 – 54.023715539706 —
– —
1.61535 – 1767677400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – – – – – – – – –