EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.

The bearish trend down to the next support line at 1.60625 is expected.

Caution: A possible change in the direction of resistance at 1.61086 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.61086 – 1.60970 – 1.60631 – 1.60625 – 1.60146 – 1.59976

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji –