EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 1.59942 will persist.

Caution: A possible change in the direction of the resistance level at 1.61139 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

1.61139 – 1.6127 – 1.61755 – 1.60412 – 1.60463 – 1.605 —
1.60589 – 1.60508 —
36.576493932591 – 31.639899844097 —
– —
1.61139 – 1784196000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – – – – – – – –