EUR/CAD – 4H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish trend down to the next support at is likely expected.

Caution: A possible change in the direction of resistance at 1.62697 should be noted.
Consider stop-loss settings accordingly.

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

Additionally a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.62697 – 1.62682 – 1.6138 – 1.61609 – 1.60684 – 1.60359 —
1.62523 – 1.61901 —
57.680759390393 – 43.369462597482 —
– —
1.62697 – 1781899200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –