The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline down.
The bearish trend downwards to the next support at 1.59351 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.59905 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60129 |
| 2nd High | 1.60049 |
| Next High | 1.59905 |
| Current Price | 1.59858 |
| Next Low | 1.59351 |
| 2nd Low | 1.5902 |
| 3rd Low | 1.57912 |
1.59905 – 1.60049 – 1.60129 – 1.59351 – 1.59603 – 1.59379 —
1.59740 – 1.59946 —
47.79495694957 – 62.176759960932 —
– —
1.59905 – 1774931400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –