EUR/CAD – 1H – SELL

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

A bearish descent down to the next support at 1.60746 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.62477 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘StochRSI Bearish Divergence’ indicator layout is existing. The indicator is ‘StochRSI Bearish Divergence’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish 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’ going down is 69% (Bull Market) & 70% (Bear Market).

1.61995 – 1.61121 – 1.6138 – 1.60746 – 1.60684 – 1.60847 —
1.62199 – 1.62432 —
71.284605756778 – 73.550115892471 —
– —
1.61995 – 1781265600

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