EUR/CAD – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline down.

A descending movement down to the next support at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.61701 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

1.61701 – 1.61646 – 1.61612 – 1.61263 – 1.61205 – 1.61294 —
1.61442 – 1.61425 —
42.345738114275 – 49.256314373768 —
– —
1.61701 – 1772125200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –