EUR/CAD – 30M – SELLAnd also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49400 |
| 2nd High | 1.49251 |
| Next High | 1.48597 |
| Current Price | 1.48501 |
| Next Low | 1.48438 |
| 2nd Low | 1.48421 |
| 3rd Low | 1.48358 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing