EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 1.61205 is expected.

Caution: A possible change in the direction of the resistance level at 1.61612 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

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

1.61612 – 1.6155 – 1.61566 – 1.61205 – 1.61373 – 1.61294 —
1.61450 – 1.61461 —
59.725589106243 – 49.221756582783 —
– —
1.61612 – 1771950600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low – Double top retreat up – – – – – – – –