EUR/CAD – 30M – SELL

The pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.

The bearish trend downwards to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.61487 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.61487 – 1.60566 – 1.60433 – 1.60725 – 1.6002 – 1.60156 —
1.60901 – 1.60953 —
42.820972090916 – 48.222270656912 —
– —
1.61487 – 1778257800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – – – – – – – – –