EUR/CAD – 30M – SELL

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

A descending movement downwards to the next support at 1.61607 will persist.

Caution: A possible trend reversal in the direction of resistance at 1.61995 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Shooting Star’ candle pattern is existing. The candles form ‘Shooting Star’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

1.61995 – 1.61755 – 1.61121 – 1.61607 – 1.60746 – 1.60684 —
1.61777 – 1.62119 —
53.971460952088 – 73.83680826261 —
– —
1.61995 – 1781267400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Shooting Star – – – – – – – – –