EUR/CAD – 1H – BUY

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards

A bearish descent downwards to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.57983 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Then a ‘Southern Doji’ candlestick pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.57983 – 1.57928 – 1.59602 – 1.57003 – 1.56875 – 1.56665

Download EUR/CAD Signal Image

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