EUR/CAD – 30M – SELL

The combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 1.62972 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.63154 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Additionally a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.63154 – 1.6334 – 1.62635 – 1.62972 – 1.62522 – 1.62465 —
1.63154 – 1.63022 —
55.306502513243 – 44.139700818429 —
1.63154 – 1764144000 —
– 1764144000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –