EUR/CAD – 30M – SELLFurthermore a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51696 |
| 2nd High | 1.51400 |
| Next High | 1.50475 |
| Current Price | 1.50291 |
| Next Low | 1.50005 |
| 2nd Low | 1.49646 |
| 3rd Low | 1.49301 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing