EUR/CAD – 1H – SELLThe pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.6168 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61874 |
| 2nd High | 1.61823 |
| Next High | 1.6168 |
| Current Price | 1.61409 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.6168 – 1.61823 – 1.61874 – 1.61066 – 1.61126 – 1.61408 —
1.61628 – 1.61535 —
53.804899864164 – 48.82014565579 —
– —
1.61680 – 1768788000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – – – – – – – –