EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.60204 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Southern Doji’ candlestick chart pattern is existing. The candles show ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.60204 – 1.60188 – 1.60185 – 1.59881 – 1.59643 – 1.59804 —
1.60161 – 1.60106 —
58.235814304103 – 53.164955030885 —
– —
1.60204 – 1779152400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Southern Doji – – – – – – – – –