EUR/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.62406 will persist.

Caution: A possible change in the direction of the resistance line at 1.62691 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.62691 – 1.62334 – 1.63095 – 1.62406 – 1.6175 – 1.61791 —
1.62599 – 1.62701 —
60.940275709102 – 51.504582745503 —
– —
1.62691 – 1763672400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top chart pattern – – – –