EUR/CAD – 1H – SELL

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

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

Caution: A possible change in the direction of the resistance line at 1.63176 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

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

1.63176 – 1.6334 – 1.62906 – 1.62465 – 1.62094 – 1.6175 —
1.62718 – 1.62760 —
40.337822726129 – 44.218393188353 —
– —
1.63176 – 1764176400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –