The combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 1.56676 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.57128 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57689 |
| 2nd High | 1.57175 |
| Next High | 1.57128 |
| Current Price | 1.56623 |
| Next Low | 1.56676 |
| 2nd Low | 1.56663 |
| 3rd Low | 1.56118 |
1.57128 – 1.57078 – 1.57175 – 1.56676 – 1.56663 – 1.57033 —
1.56744 – 1.56828 —
22.545074087574 – 48.72648253379 —
– —
1.57128 – 1773363600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –