EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at is certain.
Caution: A possible change in the direction of the resistance line at 1.61653 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
In addition a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61823 |
| 2nd High | 1.6168 |
| Next High | 1.61653 |
| Current Price | 1.61409 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.61653 – 1.6168 – 1.61565 – 1.61323 – 1.61066 – 1.61206 —
1.61474 – 1.61524 —
48.574106613266 – 50.901215618723 —
– —
1.61653 – 1768813200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –