EUR/CAD – 1H – SELL

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

The bearish trend down to the next support level at 1.59379 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.60129 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Three Inside Down’ candlestick pattern is found. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.60129 – 1.59936 – 1.59928 – 1.59379 – 1.5946 – 1.59422 —
1.59856 – 1.60005 —
51.817682376704 – 61.282209562567 —
– —
1.60129 – 1774634400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – Symmetrical Triangle Chart Pattern – – – – – – – –