EUR/CAD – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A bearish descent down to the next support line at 1.62339 will continue.

Caution: A possible trend reversal in the direction of resistance at 1.62624 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.62624 – 1.62567 – 1.62432 – 1.62339 – 1.62241 – 1.62034 —
1.62445 – 1.62534 —
47.192745588561 – 51.684591491865 —
– —
1.62624 – 1781690400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –