EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 1.56619 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.57467 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Bearish Belt Hold’ candle pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.57017 – 1.57467 – 1.57128 – 1.56619 – 1.56202 – 1.56676 —
1.56814 – 1.57139 —
45.331350617163 – 62.624402314886 —
– —
1.57017 – 1773633600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – – – – – – – – –