EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 1.62498 is considered certain.
Caution: A possible change in the direction of resistance at 1.62861 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63378 |
| 2nd High | 1.63009 |
| Next High | 1.62861 |
| Current Price | 1.62836 |
| Next Low | 1.62498 |
| 2nd Low | 1.62079 |
| 3rd Low | 1.61926 |
1.62861 – 1.63009 – 1.63378 – 1.62498 – 1.62613 – 1.62783 —
1.62802 – 1.62864 —
54.954204867627 – 58.109177760624 —
– —
1.62861 – 1763371800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom chart pattern – – – –