EUR/CAD – 1H – SELL

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

A continuation of the downward movement down to the next support at 1.61599 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.61981 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

And also a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

And also a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.61438464 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.61981 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

1.61981 – 1.62259 – 1.61728 – 1.61599 – 1.61434 – 1.6146 —
1.61837 – 1.61839 —
52.510461531925 – 55.134499757238 —
– —
1.61981 – 1768309200

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