EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards
A bearish trend down to the next support level at 1.62769 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.63009 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.63532 |
| 2nd High | 1.63378 |
| Next High | 1.63009 |
| Current Price | 1.62914 |
| Next Low | 1.62769 |
| 2nd Low | 1.62498 |
| 3rd Low | 1.62079 |
1.62912 – 1.62861 – 1.63009 – 1.62769 – 1.62498 – 1.62613 —
1.62848 – 1.62958 —
52.858657399352 – 57.319738201034 —
– —
1.62912 – 1763418600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – – – –