EUR/CAD – 30M – SELL

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.598105 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.60566 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Last Engulfing Top’ candle pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

1.60566 – 1.60433 – 1.60286 – 1.60156 – 1.60022 – 1.59156 —
1.60408 – 1.60201 —
48.052832054287 – 42.961239725837 —
– —
1.60566 – 1778176800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Top – – – – – – – – –