EUR/CAD – 4H – SELLNext a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.59602 |
| Next High | 1.57983 |
| Current Price | 1.57392 |
| Next Low | 1.56665 |
| 2nd Low | 1.54067 |
| 3rd Low | 1.53824 |
1.57983 – 1.59602 – 1.58520 – 1.56665 – 1.56944 – 1.56714