EUR/CAD – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 1.6045 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.61027 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochOSC Hidden Bearish Divergence’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.604025 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 1.61027 could happen.
Please make appropriate stop-loss settings in the case of a trade.

1.61027 – 1.60817 – 1.60894 – 1.6045 – 1.60434 – 1.60219 —
1.60592 – 1.61029 —
45.78915025678 – 70.353860035404 —
– —
1.61027 – 1775469600

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –