EUR/CAD – 30M – SELLNext a ‘Double top chart pattern’ chart formation is existing. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63532 |
| 2nd High | 1.63378 |
| Next High | 1.63342 |
| Current Price | 1.62714 |
| Next Low | 1.62036 |
| 2nd Low | 1.61473 |
| 3rd Low | 1.61432 |
1.63342 – 1.63173 – 1.62984 – 1.62744 – 1.62716 – 1.62036 —
1.63256 – 1.62807 —
65.02246079754 – 44.886313074937 —
– —
1.63342 – 1769522400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bearish Engulfing – Double top chart pattern – – – – – – – –