EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 1.5922 will persist.

Caution: A possible change in the direction of the resistance level at 1.59881 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

1.59881 – 1.60034 – 1.60311 – 1.5922 – 1.59158 – 1.59492 —
1.59473 – 1.59427 —
50.266318739761 – 45.542506033514 —
– —
1.59881 – 1777654800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –