EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 1.57512 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.58798 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.58798 – 1.59276 – 1.60421 – 1.58123 – 1.58436 – 1.58357 —
1.58408 – 1.57986 —
33.637236350662 – 32.777822480125 —
– —
1.58798 – 1772737200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – – – – – – – – –