EUR/CAD – 30M – SELL

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

A descending movement down to the next support at 1.6204 is considered certain.

Caution: A possible change in the direction of the resistance level at 1.62219 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Collapsing Doji Star’ candle pattern is discovered. The chart shows ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

1.62219 – 1.62364 – 1.62284 – 1.6204 – 1.61603 – 1.61643 —
1.62125 – 1.62398 —
51.724504071949 – 69.759886771257 —
– —
1.62219 – 1783051200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Collapsing Doji Star – – – – – – – – –