EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 1.61261 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.61566 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61711 |
| 2nd High | 1.61701 |
| Next High | 1.61566 |
| Current Price | 1.61157 |
| Next Low | 1.61261 |
| 2nd Low | 1.61229 |
| 3rd Low | 1.61205 |
1.61566 – 1.61453 – 1.61701 – 1.61261 – 1.61229 – 1.61295 —
1.61373 – 1.61375 —
47.174478064129 – 41.035765287795 —
– —
1.61566 – 1772186400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –