EUR/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.5922 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.59881 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘StochOSC Hidden Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.59881 – 1.60034 – 1.59781 – 1.5922 – 1.5919 – 1.59158 —
1.59384 – 1.59512 —
49.73910456805 – 58.032493432165 —
– —
1.59881 – 1777654800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Two Crows – – – – – – – – –