The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.62064 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62579 |
| 2nd High | 1.62072 |
| Next High | 1.62064 |
| Current Price | 1.61491 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.62064 – 1.61817 – 1.61687 – 1.61231 – 1.61257 – 1.61455 —
1.61963 – 1.61600 —
56.94101493081 – 45.13625214945 —
– —
1.62064 – 1782487800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –